SUDAN

4. ConocoPhillips

ONGC Hits Iranian Wall In $5 Billion Bid For ConocoPhillips Units

Oil & Natural Gas Corp. (Mumbai: ONGC), India's largest state-controlled energy driller, could lose its bid for $5 billion in Canadian assets controlled by energy giant ConocoPhillips Co. (NYSE: COP), due to its investments in Iran, which is facing U.S. sanctions.
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South Sudanese President Salva Kiir meets with Chinese counterpart, Hu Jintao, on visit to Beijing

China Hails Sudanese Oil Deal

China hailed the recent agreement between Sudan and South Sudan that will allow the landlocked South to resume exporting crude oil through its northern neighbor's pipelines after months of tense negotiations.
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IMF Welcomes Sudan Austerity But Urges More Reforms

Sudan must press ahead with reforms to ensure its economic stability, an International Monetary Fund mission said on Wednesday, while welcoming the country's recent moves including scaling back its fuel subsidies and devaluing its currency.
South Sudan's President Salva Kiir (L) and Sudan's President Omar Hassan al-Bashir

South Sudan Hopes To End Oil Production Standstill

Khartoum is willing to negotiate with South Sudan in order to further the talks in Addis Ababa. However, Sudanese Foreign Minister Ali Karti added that oil revenue-sharing negotiations will only start once rebel activity in the South Kordofan and Blue Nile states stops.

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