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Sudan lowers oil transit fee demand

Sudan lowers oil transit fee demand

Sudan has lowered its oil transit fees demand to $32.20 a barrel in a bid to resolve a row that has shut in South Sudan's output, Sudan's oil minister said on Tuesday, but the two sides remained far apart as talks continue in Ethiopia.

March 13, 2012 1:54
 
China urges “restraint” in Sudan oil transit dispute

China urges “restraint” in Sudan oil transit dispute

China, the biggest investor in oilfields in the new nation of South Sudan, called for "calm and restraint" as a transit fee dispute threatened to cut off crude exports from the African producer.

January 22, 2012 11:18