South Sudan’s Palouge oilfield, the country’s biggest, will reach production of up to 180,000 barrels per day within a month. This is after starting at 125,000, oil consortium Dar Petroleum said on Sunday, ramping up output slower than initially planned.
Landlocked South Sudan reached an agreement with long-time foe Sudan during talks in Addis Ababa in March to resume pumping of the south’s oil to a Red Sea port in Sudan for export, throwing both economies a lifeline. The African neighbours came close to war a year ago but pledged in March to end a conflict over oil fees and a disputed border. South Sudan had shutdown its previous output of up to 350,000 bpd in January 2012 when tensions with Sudan escalated.