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 Subscribe to WSJ:

Stock News for Citigroup (C)
10/26/201623:50:00China Logistics Company Raises $1.4 Billion in U.S. IPO
10/26/201612:16:06Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/26/201603:00:00Citi Tower Receives WELL Silver Precertification
10/25/201622:00:00Citi to Launch Financial Literacy Program for Young Parents in...
10/25/201617:40:00AT&T CEO Says Time Warner Deal Not About Raising Prices
10/25/201617:28:56Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/25/201617:20:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/25/201616:42:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/25/201609:00:00Citi’s Global Concentration Engine Expands to Over 50 Markets
10/25/201606:03:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/24/201616:38:28Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/24/201609:00:00Citi Enhances Online Investments Portal to Deliver Increased...
10/23/201623:40:00Rockwell Collins to Buy B/E Aerospace for $6.4 Billion
10/21/201617:00:27Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/21/201616:45:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/21/201616:15:00Citigroup Declares Common Stock Dividends
10/21/201616:07:22Current Report Filing (8-k)
10/21/201615:25:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/21/201615:24:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/21/201609:10:00Visa Taps Blockchain for Cross-Border Payment Plan

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations