Sudan and S. Sudan extend oil agreement for three more years
Elisabeth Janaina
Sudan and S. Sudan extend oil agreement for three more years
Email
Print
Save
December 21, 2016 (JUBA) – Sudan and South Sudan oil ministers have agreed to extend the 2012 Cooperation Agreement on payments from oil revenues for three years.
- A pipeline that transports crude oil from the south to Port Sudan (Reuters)
The South Sudanese Petroleum and Mining Minister, Ezekiel Lol Gatkuoth said Wednesday that the new deal gives the two neighbouring Nations “breathing space.”
“We have reached an agreement to extend the cooperation agreement in the petroleum industry for three years," Gatkouth told reporters on arrival from the Sudanese capital.
Under the terms of the Cooperation Agreement signed between Juba and Khartoum in 2012, South Sudan pays Sudan an overall $24 as transit fees charge per barrel of crude as well as transitional financial agreement amounting to $3 billion for a period of three years. The fall in the global oil prices, however, means South Sudan, which relies on oil for more than 98% for the national budget, struggled to pay government employees.
It, however, remains unclear of the price per barrel of crude oil would also be reduced.
“The two countries restricted the agreement to create breathing space. The agreement is an agreement we cannot change anything about it. It is restructuring so that we can pay less that what we used to pay,” stressed Gatkouth.
Both Khartoum and Juba, the South Sudanese Petroleum minister further disclosed, will also cooperate on providing security in the oil-producing areas along the 200km border.
“Business will start now, the talking will stop and we will now translate these things to implementation,” he added.
(ST)
- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments
Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.
There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to com...@sudantribune.com
Kind regards,
The Sudan Tribune editorial team.
-
22 December 19:47, by Son of Nuer
Mr. money lover Hon.Lol Gatkuoth get your share before the February 2017 to go to exile or huge yourself before Almighty freedom fighters clear the town in January no three deal this time around , oil will be shut down as soon as possible by Lt.Gen Johnson Olony in upper Nile
-
22 December 20:07, by barbayo
you leave the fire on hands of Equatorians criminals gang now they got too hot and still hot should forget them wherever the are .
-
22 December 20:14, by barbayo
see your friend Agel Machar he came back by his own loan ticket with other group and they request government to pay their tickets. this time no forgiveness for gang criminals still in bushes.
-
22 December 20:27, by barbayo
Agel Machar welcome back by your incurred of hotel payment good enough all Kenya hotels managers refused for any criminals rebels from South Sudan should not stay in hotels by loan. the deputy minister of Labour ,Public Service and Human Resource Development she now in the house of Peter Adwuk Nyaba, yesterday she went to hospital get medicine of HIV/AID annual use.
-
22 December 21:28, by jubaone
Barbayo,
How low must the jienge bow to his jellaba master? Millions killed with weapons bought with oil money, paid with blood for SS freedom and independence. Now you must even compensate the oppressor with $3b which you desperately need for development, what a human waste. Juba trying to appease Khartoum: Machar and SPLM-N?-
22 December 21:56, by barbayo
Jubaone
you are rebel ,you done have right to our resources of South Sudan weather we give them free is our right , gang on roads-
22 December 22:55, by jubaone
Barbayo,
If denoucing such a "sellout" means being a rebel, then I am proud of that. You are paying the jellaba $3b for separating? He killed, maimed, raped and humiliated you and you still beggingly go back to him? You are so cheap like a dog that returns voluntarily to his master. That is the typical jienge mindset, the obedient and submissive slave. Nothing less.
-
-
-
-
22 December 20:03, by barbayo
Son of Nuer
you back to Johson Olony ,nothing called freedom fighter all are criminals your Boss is now South Africa-
22 December 21:02, by Son of Nuer
Mr.Barbayo , for your information if you have relative in Juba city let the going to nearest UN camp before it was not too late for them to escape , Juba will be on fire as soon as possible and you will appreciate me aftermath your government of killer Kiir will end soon believe
-
22 December 21:51, by barbayo
Son of Nuer
stay well in camp ,who will come to Juba? , Raik machar on run in Juba July 2016, so we wait that one you may see and hear it , for your information we will and bring you very soon in Juba like James Dak am sure
-
-