S. Sudan calls for international financial assistance to file $12 bln lost in Sudan’s oil deal
3 min readAugust 7, 2012 (JUBA) – South Sudan has called on the international community to assist the one-year old nation fill a huge financial gap created by the recent agreement with Khartoum as details on oil deal emerge. South Sudan’s vice president, Riek Machar, on Tuesday said the deal which was reached due to the pressure exerted by the international community has unfortunately left a huge gap of oil revenues lost to Khartoum. In a meeting on Tuesday with the Ambassador of Netherlands, Kees Van Baar, the Vice President told the European diplomat that the new nation will lose a total of $12 billion dollars to Khartoum per the deal. He said South Sudan will continue to lose 17% of its total oil revenues every year for the next three and a half years. In detailing the figures of the deal he said the average commercial agreement reached with Khartoum is $3.5 billion for the next three and a half years, which is inclusive of all types of fees. The arrears of commercial deal owed to Khartoum which dated back between 9th July 2011, when South Sudan became independent to January 2012, when the oil production was shut down, will also amount to another half a billion dollars, he said. South Sudan, he added, will also lose $4.97 billion of debt relief which Khartoum owed South Sudan, but is now pardoned per the agreement. There will also be an additional cash grant of $3.03 billion to be paid by South Sudan to Khartoum to improve on its economy.
http://sudantribune.com/spip.php?article43493
| South Sudan enter FIFA rankings Chicago Tribune BERNE (Reuters) – South Sudan have entered the FIFA world rankings for the first time after playing their inaugural full international last month. A 2-2 draw at home to Uganda in a friendly played in Juba on July 10 has put South Sudan 199th in the 209 … |
||
| Norway to Continue Supporting Peace in South Sudan AllAfrica.com Juba — The government of Norway will continue to back South Sudan towards peace and state building, outgoing Norwegian ambassador Ingrid Ofstad has said. She explained that Norway is currently working on capacity building more particularly on … |
||
| ‘No Kiir Apology Letter to President Obama’, Information Minister AllAfrica.com “President Kiir has been always saying that we (government of South Sudan) are not supporting SPLM-N, the government’s position has always been that South Sudan through its President can only help if President Bashir takes an initiative for peaceful …
Sudan–South pact blow to rebels, says Darfur chief Gulf Times |
About Post Author
