South Sudan now losing money from oil exports: analysts

20 January 2016 - 15:53 By AFP

Falling world oil prices combined with a fixed fee for the use of export pipelines mean South Sudan is now losing money on every barrel it sells, analysts said. South Sudan currently earns around $20 (18 euros) a barrel for its low quality oil that sells at a discount to the Brent crude benchmark -- on Wednesday trading at $28 (26 euros), said Emma Vickers of Global Witness, a London-based campaign group.

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