Oil and Africa- World’s focus on the continent

October 9, 2011

Africa, Business, International

Thursday, October 6, 2011

South Sudan has sold 22 million barrels of oil

AFP – South Sudan has sold 22 million barrels of oil to international buyers through the north’s Port Sudan export terminal since independence, at an estimated value of $2.14 billion, the oil ministry said.

“Since achieving independence on July 9, 2011, the ministry of petroleum and mining… has contracted the sale of 22 million barrels for export crude oil,” the ministry said in a statement.

“This volume covers the July through October 2011 period and is transiting by ship through Port Sudan marine terminal to international buyers located in Asia and Europe.”

http://www.google.com/hostednews/afp/article/ALeqM5ia3gO-FmwdnnrJ0YE6Iw0SMwCiVQ?docId=CNG.d7d012f166b478cb279a01d316509da8.291

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