In 2013, non-OPEC oil supply is expected to grow by 0.9 MMBOPD, supported by anticipated growth in the US, Canada, Brazil, and Kazakhstan. Production from South Sudan, which was shut down in January 2012, is expected to be part of the boost.
Under an agreement signed by Presidents Salva Kirr of South Sudan and Omar Bashir of Sudan, South Sudan will resume exporting its oil through Sudan. A demilitarized buffer zone will be created along the 2,000 kilometre border. The two sides also agreed to allow citizens of each country “four freedoms” in the other nation – to enjoy freedom of residence, freedom of movement, freedom to undertake economic activity and freedom to acquire and dispose property. Still unresolved is the status of the Abyei area. The AU has proposed that a vote be held in October 2013 but the two sides cannot agree on who can take part.
