Egypt's central bank governor calls for deeper Mediterranean cooperation, cites $31b trade ties    Egypt's stocks record strong gains in September, EGX30 up 4.33%    Egypt approves 776,379 state-funded treatment decisions in July–August    Egypt launches waste reduction plan in Port Said with Japan's JICA    Telecom works near Grand Egyptian Museum cause brief Cairo service outage: NTRA    Egypt drug regulator, Organon discuss biologics expansion, investment    Microfinance portfolios in Egypt exceed EGP 101bn, reaching 4.1 million clients by Q2 2025    Gaza death toll surpasses 66,000 as Israel tightens siege, 'Freedom Flotilla' nears coast    Egypt's PM addresses parliament on Al-Sisi's objections to criminal procedures bill    Egypt's Contact Financial closes EGP 1.312bn securitisation bond    Suez Canal Authority urges Maersk to resume transits, citing strategic role in global trade    Egypt's Al-Sisi reaffirms state's commitment to judicial independence    Alameda launches Egypt's largest private-sector medical conference    Egypt calls for global mental health action, strengthens regional partnerships at Doha Summit    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt's foreign minister says Ethiopia's Nile dam policy is 'destabilising'    Trump unveils controversial Gaza peace plan amid escalating crisis, divided responses    Al-Sisi, Bin Zayed back Trump's Gaza peace initiative amid mounting diplomatic drive    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's President Al-Sisi pardons activist Alaa Abdel Fattah, 5 others    Egyptian Writers Conference announces theme for 37th session    Egypt's Al Ismaelia wins heritage award for Downtown Cairo revival    Egypt's PM heads to UNGA to press for Palestinian statehood    Egypt condemns terrorist attack in northwest Pakistan    Egypt's foreign minister holds talks on reviving Iran nuclear negotiations    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



South Sudan offers crude oil despite export woes
Published in Ahram Online on 12 - 01 - 2012

South Sudan has issued two tender to export oil thought its shipment might be blocked by Sudan. At least five tankers were expected to load at the Bashayer terminal next week but brokers anticipated delay
South Sudan is offering more than 6 million barrels of crude oil on the spot market even though it cannot guarantee vessels will be able to load the cargoes at the Sudanese port, traders and shipbrokers said on Thursday.
South Sudan has issued a tender to sell 4.7 million barrels of Dar Blend and 1.6 million barrels of Nile Blend crude for loading in February despite concerns its shipments were being blocked by Sudan at the Bashayer oil export terminal.
Six months after landlocked South Sudan seceded from Sudan, the two countries have failed to agree on how much Juba should pay Khartoum in fees to transport its production of 350,000 barrels per day to port.
South Sudan has accused the Sudanese government of halting 3.4 million barrels of its crude oil exports, building a pipeline to re-route its oil, and diverting over half a million barrels to Sudan's refineries.
South Sudan's minister of petroleum and mining, Stephen Dhieu Dau, charged Khartoum with preventing two ships carrying 1.6 million barrels of South Sudanese oil from leaving Port Sudan, another from loading 600,000 barrels and two others from entering port to take possession of a further 1.2 million barrels.
At least five 80,000-tonne tankers, chartered by oil traders Arcadia, Trafigura and Vitol, were expected to load at the Bashayer terminal next week but brokers anticipated delays. The firms could face demurrage costs of around $9,000 a day to manage the anchored vessels.
"The buyers with vessels stuck there will not buy more crude from South Sudan," a crude oil trader said, referring to the tenders that will close on January 13.
Sudanese President Omar Hassan al-Bashir said this month Khartoum would impose a fee on Juba until a deal was reached on a transit fee but gave no details.


Clic here to read the story from its source.