South Sudan Plans Alternate Pipeline

Discussion in 'Politics' started by Options12, Aug 10, 2012.

  1. Options12

    Options12 Guest

    * Manibe said that although South Sudan did not have the money to pay for the pipeline’s entire cost, the newly independent country would invest in the project and had the necessary reserves of crude to offer guarantee to any financiers.

    * “The 2,000-kilometre pipeline will cost approximately three billion dollars,” he told a news conference in Nairobi on Friday.

    * China was the biggest buyer of South Sudanese oil before the shutdown, and Chinese state firms are the biggest oil operators in the world’s youngest country.