South Sudan to survive without oil exports: deputy finance minister
Reuters
JUBA (Reuters) – South Sudan will survive without oil exports because it has boosted tax revenues, stashed away currency reserves worth around $300 million, and may use its oil reserves to borrow, a government official said on Friday. South Sudan is …
South Sudan says oil pipeline via Kenya to cost $3 billion
By Kelly Gilblom | Reuters
NAIROBI (Reuters) – A pipeline allowing South Sudan to export its oil via the Kenyan port of Lamu, freeing the landlocked country from reliance on a route through Sudan, will cost $3 billion, Finance Minister Kosti Manibe said. Manibe said that although South Sudan did not have the money to pay for the pipeline’s entire cost, the newly independent country would invest in the project and had the necessary reserves of crude to offer guarantee to any financiers. “The 2,000 km pipeline will cost approximately $3 billion dollars,” he told a news conference in Nairobi on Friday.
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