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
05/27/201603:02:00Troubled Online Lender Seeks Financing -- WSJ
05/26/201621:00:00LendingClub Talking With Citigroup About Loan Purchases
05/26/201620:15:00LendingClub Talking With Citigroup About Loan Purchases -- Update
05/26/201619:01:00LendingClub Talking With Citigroup About Loan Purchases
05/26/201616:30:00Citigroup CEO Michael Corbat to Present at Bernstein's 32nd Annual...
05/26/201616:29:48Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/26/201616:26:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/26/201616:11:16Statement of Changes in Beneficial Ownership (4)
05/26/201616:10:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/26/201615:44:29Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/26/201615:13:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/26/201603:02:00Finance Watch -- WSJ
05/25/201618:39:00Citibank to Pay $425 Million in Benchmark Probes -- 2nd Update
05/25/201616:18:00Citibank to Pay $425 Million in Benchmark Probes -- Update
05/25/201612:25:25Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/25/201610:10:00Citibank to Pay $425 Million Over Alleged Benchmark Manipulation
05/25/201610:00:00Citigroup Announces Expiration and Final Tender Results of Offers...
05/25/201609:58:00Citibank to Pay $425 Million to Settle Cases Over Alleged Benchmark...
05/24/201616:15:00Citi Cards CEO Jud Linville to Present at the Deutsche Bank 2016...
05/24/201611:10:00J.M. Smucker Cuts Coffee Prices

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad