South Sudan: May take year to reach pre-shutdown oil output

b_172_129_16777215_00_images_SSD130415AA002.jpegSouth Sudan, which is resuming oil output halted 14 months ago, may take as long as a year to reach pre-shutdown production levels because of possible damage to equipment, said analysts including Paul Tossetti at PFC Energy.

South Sudan on March 12 agreed to restart pumping crude and exporting via neighboring Sudan after the two countries resolved a dispute over transit fees that halted the flow of 350,000 barrels a day. Oil in South Sudan is pumped mainly by China National Petroleum Corp. (CNPZ), Malaysia’s Petroliam Nasional Bhd. (PET), known also as Petronas, and India’s Oil & Natural Gas Corp.

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