Oil And Gold Forecast, News and Analysis:
- Home
- Latest Energy News
Sudan Lifts Force Majeure on Oil Flows to Red Sea Port
Following new security arrangements and improved security conditions, Sudan has lifted the 10-month-long force majeure on the pipelines transporting South Sudan’s oil through Sudan and onto Port Sudan on the Red Sea, Reuters reported on Monday, citing a letter from Sudan’s Energy Ministry it had seen.
In March 2024, Sudan declared force majeure on crude oil exports from its landlocked neighbor South Sudan, following a major rupture in the pipeline carrying crude from South Sudan to the port in Sudan in an area with active military activity.
‘;
document.write(write_html);
}
The latest conflict in Sudan erupted in April 2023, when the Rapid Support Forces (RSF), a paramilitary group, took up arms against the Sudanese army in the capital Khartoum.
Since then, many of South Sudan’s oilfields have not been able to send their oil north via the pipeline in Sudan and revenues for South Sudan have been plummeting.
Now it appears that the security situation in Sudan has improved, to the point of Sudan lifting the force majeure on oil transportation to the Port of Sudan.
Sudan’s Ministry of Energy and Petroleum sent a letter, dated January 4, to South Sudan’s energy minister, in which Sudan said it was lifting the force majeure, Reuters reports. This was made possible thanks to new security arrangements Sudan has reached with South Sudan and BAPCO, the Sudanese company that runs the pipeline.
“We are hereby lifting the force majeure,” Sudan’s Minister of Energy and Petroleum, Mohiedienn Naiem Mohamed Saied, wrote in the letter to South Sudan’s Petroleum Minister, Puot Kang Chol, seen by Reuters.
Since the war erupted in Sudan, South Sudan’s oil exports have plunged. The country is struggling to get any money in its budget as its oil exports, on which it depends for 90% of state revenues, are stalled by the ruptured pipeline in neighboring Sudan that is currently the only outlet for South Sudan to sell its crude.
By Charles Kennedy for Oilprice.com
More Top Reads From Oilprice.com
- Norway Doubles Down on Oil and Gas
- A Look at the Geopolitical Landscape Heading into 2025
- Oil Demand Stays Strong Despite EV Surge
Join the discussion | Back to homepage
`;
document.write(write_html);
}
Charles Kennedy
Charles is a writer for Oilprice.com
More Info
Leave a comment
Leave a comment
Source: https://oilprice.com/
More Stories
Fire at Huge California Battery Storage Plant Forces Evacuations
EU, Mexico Sign Trade Deal Ahead Of Trump Inauguration
Petrobras Refinery Output Hit Record High In 2024