SUDAN AND SOUTH SUDAN RENEW OIL AGREEMENT – BUT EXPERTS DOUBT SOUTH SUDANESE OIL EXPORTS WILL RISE IN 2017
January 1st, 2017
Sudan and South Sudan have agreed to extend an oil deal originally negotiated in 2012, which will enable landlocked and troubled South Sudan to continue utilising a Sudanese pipeline to export its crude. “We have agreed to extend it for another three years,” Sudan’s petroleum and gas minister Mohamed Zayed Awad told local news agencies after signing the deal.
Under the renewed deal, alongside transit and transportation fees Juba has to pay to use the pipeline - the original agreement included a USD3 billion transitional financial arrangement (TFA). In ...
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