- Joined
- Dec 17, 2009
- Messages
- 13,811
- Likes
- 6,734
Background: China has invested over $20 billion in securing oil from Sudan. They built and operate Port Sudan which all oil flows. Sudan has blocked all oil shipments from the South demanding 10x transport cost. In desperation, the new government in Juba seeks to break this dependence on transport through the North. With Southern oil no longer flowing to Port Sudan, it is uneconomical to run and Chinese investment becomes worthless. France has seen the opportunity to move and Total has offered to reroute oil through its Uganda/Kenya pipeline.
http://sweetcrudereports.com/2011/12/08/total-plans-south-sudan-uganda-oil-pipeline/
If this deal goes through, China is cut out and France controls the oil.
http://sweetcrudereports.com/2011/12/08/total-plans-south-sudan-uganda-oil-pipeline/
If this deal goes through, China is cut out and France controls the oil.
Last edited: