Machar, whose political rivalry with President Salva Kiir has in the past exploded into civil war, said last month that the firing of several of his allies from posts in the government threatened the 2018 peace deal between him and Kiir that ended a five-year civil war in which more than 400,000 people were killed
The aircraft came down near the oil fields in Unity State at around 10:30 am local time (0830 GMT) shortly after taking off for the capital Juba
According to the US Energy Information Administration, South Sudan produced an average of about 149,000 barrels of liquid fuels per day in 2023, utilizing Sudan's pipelines to Port Sudan, with transit fees costing $23 per barrel.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), plans to restart crude oil production from its fields in South Sudan in next few weeks, company sources said today.
Oil held above USD 125 a barrel on Tuesday, boosted by supply concerns amid tightening Western sanctions on Iran although expectations for an increase in US crude inventories dampened sentiment.
Nifty fell around 1% on Monday, dragged down by falls in lenders such as ICICI Bank as high oil prices are sparking fears of a delay in rate cuts from the RBI, and adding to caution ahead of the government's borrowing calendar due this week.
U.S. lawmakers are considering adding measures that would single out Iran's national oil and shipping companies and restrict its ability to tap into electronic banking services.
The African Union (AU) has admitted South Sudan as its 54th member, marking another recognition for the world's newest nation.
With South Sudan voting for independence from the North, it is set to become the world’s youngest country on July 9. Here are some of the most recent additions to the world map.