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09.03.2012 16:06

CNPC Nears Resumption of Oil Projects in Sudan and S. Sudan

The two countries reach an agreement over transit fees, meaning production halted may start again after a year of delays
By staff reporter Wang Xiaocong
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(Beijing) – China National Petroleum Co.'s (CNPC) operations in Sudan and South Sudan are expected to resume after the two countries reached an agreement over oil transit fees, the company said on August 31.

CNPC has been working on resuming production, which has been halted for a year, since mid-August. A CNPC official said it was waiting for a final agreement between the two countries on production. The issue is set to be discussed on September 22 at the request of the African Union and UN Security Council.

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