SUDAN NEWS ALERT: Bloomberg - South Sudan Concerned Sudan Turmoil Could Hurt Oil Exports

17/5/19: Bloomberg – South Sudan Concerned Sudan Turmoil Could Hurt Oil Exports, by Paul Burkhardt

South Sudan’s oil minister, Ezekiel Gatkuoth, has told Bloomberg that he is concerned by the situation in Sudan. Gatkuoth said that South Sudan’s president has sent him to meet with officials “to make sure that the port where we are having our oil transported to the international market is secured.”

Burkhardt writes that the Sudanese uprising is threatening South Sudan’s oil exports and “choking off its economic lifeline.

 Burkhardt notes that the smooth flow of oil to Port Sudan, on the Red Sea, is key for the economies of both countries. South Sudan depends on oil for most of its foreign exchange while Sudan benefits from transport fees, which compensate it for losing 75% of its oil production when South Sudan seceded.