South Sudan to delay oil exports

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South Sudan will delay resuming oil exports until at least mid-March even if the new African republic solves all security conflicts with Sudan at a presidential summit on Friday, Oil Minister Stephen Dhieu Dau said.

The comments, the first forecast since November, are a blow for both oil-reliant economies which have been in dispute since South Sudan shut down its crude output of 350,000 barrels a day in January after failing to agree with Sudan on export fees. - Reuters

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