S.Sudan firm on oil marketing, selling 200,000 bpd

JUBA - South Sudan's oil ministry said that foreign oil companies and potential buyers of its crude were "on notice" that no other nation or entity had been authorised to sell its oil.
The oil official responsible told Reuters last week that South Sudan will market its crude through the ministry, casting further doubt on the role trading major Glencore's GLEN.L venture will have in selling the nation's oil.
"The ministry has also informed all foreign oil companies and potential buyers of South Sudan crude oil that no other nation or entity has been authorized to sell its oil," the ministry said in a statement on Monday.
"All are on notice that if they purchase any South Sudan crude oil that has been expropriated or otherwise placed on the market by any other institution without South Sudan's consent, they will be held accountable and their future relations with South Sudan will be jeopardized."
South Sudan declared independence on July 9 under a 2005 peace deal that ended decades of civil war with the north. It took about 75 percent of the united country's roughly 500,000 barrels of oil per day with it when it seceded.
To export crude, South Sudan must pump it through pipelines that run north through Sudan to a Red Sea port. The two countries have still not agreed how much South Sudan should pay as a transit fee.
The ministry also said a decision to transfer shares owned by Sudan's state oil firm Sudapet in consortia in South Sudan to Nilepet was a "legitimate act of sovereignty" that had already been agreed with Sudan in pre-secession talks.
Sudan's foreign ministry has called on Juba to reconsider a presidential decree transferring the shares.


NEW REFINERY

South Sudan sold 33.4 million barrels of oil (around 200,000 ...