12 Dec 2011
(MENAFN) Total’s chief executive, Christophe de Margerie, said that the firm was considering establishing an oil pipeline to help South Sudan export its oil, reported The National.
Mergerie added that the region included two-thirds of total Sudanese oil output of 500,000 barrels per day, however, Sudan imposed a USD32 per barrel transit fee on the South, around 10 times the industry average, moreover, in November, Sudan said that it stopped exports through the Greater Nile Oil Pipeline, which connects the South to Port Sudan on the Red Sea, since the country didn’t receive USD727 million of accumulated fees.
He also said that Total had plans to set up a pipeline from oilfield blocks that it would purchase in Uganda through to the coast of Kenya, a project that could be extended to connect Total’s blocks in South Sudan, adding the the French firm consented to buy into Ugandan oil blocks holding proved reserves of 1.1 billion barrels and potentially as much as 2.5 billion barrels.
It is worth noting that China’s CNPC and Malaysia’s Petronas would also benefit from the project, since the two companies hold production assets in South Sudan.
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