ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

South Sudan Says May Resume Oil Output in September

KAMPALA, Uganda--South Sudan said Monday it may resume oil output in September following an agreement with Sudan over crude-transit fees, although uncertainty remains over the agreed price and the deal remains overshadowed by unresolved security issues along the two nations' common border. The South Sudanese government said in a statement that oil companies operating in the East African nation will need three to four weeks to resume production, a lifeline for the country's economy. "We have been informed by our oil companies that 80% of our [oil wells] in Unity state will be able to resume by September," Pagan Amum, South Sudan's chief oil negotiator said in the statement. After months of talks, the formerly united countries last week agreed a deal that will allow South Sudan resume shipments of as much as 350,000 barrels-a-day of oil through Sudanese ports and pipelines for export. However, Sudan has warned that no deal would be signed until there is an agreement on restoration of security in three restive border states, where its army is battling multiple armed groups allegedly backed by South Sudan. Details of the deal remain sketchy. According to Mr. Amum, South Sudan will be paying at least $8.40 a barrel for using the pipeline operated by Greater Nile Petroleum Operating Co. and at least $6.50 a barrel for using the pipeline operated by a Chinese-led pipeline consortium known as Petrodar. Both pipelines pass through Sudan to Port Sudan, on the Rea Sea. The figures couldn't be independently verified and contradict the $15 a barrel transit fee earlier stated by Sudanese officials. Company officials couldn't comment immediately. Negotiators are expected to return to Ethiopia later this week to continue talks over unresolved issues such as border demarcation and disputed areas such as Abyei. Write to Nicholas Bariyo at Nicholas.Bariyo@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Citigroup (C)
DateTimeHeadline
07/06/201516:06:57Statement of Changes in Beneficial Ownership (4)
07/06/201516:06:30Initial Statement of Beneficial Ownership (3)
07/06/201516:06:04Statement of Changes in Beneficial Ownership (4)
07/06/201516:05:37Statement of Changes in Beneficial Ownership (4)
07/06/201516:05:37Statement of Changes in Beneficial Ownership (4)
07/06/201516:05:10Statement of Changes in Beneficial Ownership (4)
07/06/201516:04:46Statement of Changes in Beneficial Ownership (4)
07/06/201516:04:19Statement of Changes in Beneficial Ownership (4)
07/06/201516:03:52Statement of Changes in Beneficial Ownership (4)
07/06/201516:03:27Statement of Changes in Beneficial Ownership (4)
07/06/201516:03:27Statement of Changes in Beneficial Ownership (4)
07/06/201516:03:00Statement of Changes in Beneficial Ownership (4)
07/06/201515:40:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/06/201514:50:04Starbucks Raises Prices by About 1%
07/06/201514:50:04Uber Seeks Police Protection in Johannesburg
07/06/201506:10:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/06/201503:24:31China Huarong Files Listing Application for Hong Kong IPO of...
07/02/201516:44:38Brazil Antitrust Agency Investigating Banks for Suspected Rate...
07/02/201516:37:10Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:06:50Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad