IEA frets over Sudanese oil dispute

16 February 2012

PARIS, Feb. 15 (UPI) -- The International Energy Agency said revenue disputes between Sudan and South Sudan means overall production estimates are down 25 percent.

South Sudan gained control of most of the oil reserves when Sudan was split into two countries last summer, though landlocked South Sudan depends on Sudan for access to export facilities.

The International Energy Agency, in its monthly oil report, said the failure of both sides to find a resolution to a dispute over the sharing of oil revenue meant production could decline 25 percent.


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