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Economy / Sudan

Sudan

January 2012 | Risk Summary

South Sudan has claimed that Sudan has seized US$815mn worth of crude that was being transported its northern neighbour's pipeline. South Sudan seceded from the north in July but the two countries have failed to agree on how to share revenues from oil that is produced in the south, but needs to travel through northern pipelines to be exported. Sudan has reportedly seized oil being transported from the south as compensation for not having received a fee. South Sudan has responded by starting to shut down oil production.

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