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Oil & Gas

South Sudan starts shut down of oil production

January 23, 2012
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SOUTH SUDAN — Business Week reports, South Sudan started shutting down oil production in response to the seizure of its exports that pass through Sudan and the demand by the government for transportation fees on shipments through its territory, government spokesman Barnaba Marial Benjamin said today.

South Sudan took control of about three-quarters of Sudan’s output of 490,000 barrels a day when it gained independence in July. The crude is pumped mainly by China National Petroleum Corp., Malaysia’s Petroliam Nasional Bhd. and India’s Oil & Natural Gas Corp.

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