South Sudan to Maintain Oil Output as Sudan Delays Shutdown
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South Sudan stopped shutting its oil wells after Sudan postponed a plan to halt exports, signaling production of its low-sulfur crude that’s prized by Japanese buyers will continue for at least three more weeks.
The nation began closing its wells on July 17 after Sudanese President Umar al-Bashir announced last month he would block shipments of crude via Sudan unless its southern neighbor stops supporting rebels opposed to his rule. Last week, Bashir’s government postponed the planned Aug. 7 shutdown for two weeks to allow the African Union to probe whether the south is backing the renegade fighters.