S. Sudan oil shutdown could fuel inflation, unrest

By REUTERS
February 9, 2012 18:04

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

JUBA - South Sudan's shutdown of its oil production could stoke inflation and unrest unless the new nation can find alternative sources of funding to help prop up its currency, a senior finance ministry official said on Thursday.

The central African nation declared independence from Sudan in July and has since been embroiled in a dispute with its northern neighbor over how much it should pay to pipe its crude exports to the Red Sea terminal at Port Sudan.

South Sudan shut down its oil output of roughly 350,000 barrels per day - about three quarters of the united country's total - last month after Sudan took some of the crude to make up for what Khartoum called unpaid fees.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
October 19, 2018
China arrests former vice finance minister

By REUTERS