South Sudan’s crude-oil exports are expected to reach the international market by May 2013 after Sudans decision to resume the flow of southern oil exports through its pipelines
An official of Sudan’s national oil company, Nilepet, said that the company could restart oil flows at short notice, but some uncertainty has remained as the company has not yet received an official order to resume production.
According to the Wall Street Journal the official said, “More technical discussion has to take place prior to the actual starting of the procedure.”
The International Energy Agency said in its monthly report on oil markets that South Sudanese production could restart as soon as May, one month earlier than it had previously forecast.
It said that production could reach about 220 bpd by the end of the year, though still lower than the country’s pre-independence capacity of 350 bpd.
South Sudan had stopped its crude oil shipments last January following disagreements with its northern neighbour over oil transit fees and border disputes.
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