Saturday, March 16, 2013

Sudan rivals 'to resume pumping oil'

BBC: South Sudan and Sudan have agreed to resume pumping oil after a bitter dispute over fees which saw production shut down more than a year ago...

South Sudan's government used to earn 98% of its revenues from oil and its economy has collapsed since it shut down oil production, with vital development work put on hold, our correspondent says.

Sudan has been suffering too - the IMF predicted that its economy would shrink by 11% in 2012 because of the loss of oil revenue following the South's secession...

No comments:

Post a Comment

Reactions welcome! Please use your full name.