South Sudan to restart oil wells in September

South Sudan hopes to resume oil production in September after reaching an interim agreement with Sudan on oil export fees, but it may take a year to return to full capacity.

The two countries have agreed on how much South Sudan should pay to export its oil through northern pipelines, ending a dispute that led to the shutdown in January of South Sudan’s output of 350,000 barrels per day.  Oil is the lifeline of the economies of both Sudan and South Sudan.   Read more here.