Sudan earns $236m from South oil fees

2013-08-25 18:26

KHARTOUM, Aug 25, 2013 (AFP) -Sudan earned more than $230 million in fees for the export of South Sudanese oil this year, official media reported on Sunday, days before a Khartoum deadline to shut the pipelines.

"The government of South Sudan sent the fees for oil transportation to the Sudan Central Bank," the official SUNA news agency quoted the bank's assistant governor, Azhari al-Tayeb al-Faki, as saying.

The documented amount is $236 million, SUNA said.

That figure covers fees for transporting South Sudanese oil to the Port Sudan export terminal, as well as a package to compensate Khartoum for the loss of oil when South Sudan separated, SUNA said.

The South became independent two years ago. It split with about 75 percent of united Sudan's oil production, leaving the country without its major source of export earnings.

Inflation soared and the Sudanese pound plummeted in value on the black market.

Oil refineries and export pipelines stayed under Sudan's jurisdiction but the two sides could not agree on how much the South should pay for using that infrastructure.

South Sudan's government in Juba halted oil production early last year, accusing Khartoum of theft, but pumping resumed in April after relations between the two sides appeared to be improving.

In June, Sudan accused the South of backing rebels on Sudanese soil and abruptly told oil companies they had 60 days to stop transporting the crude.

The deadline has been extended twice and is now set for September 6 while oil continues moving through the pipelines for export.

The extensions came in response to an appeal from the African Union which asked for more time to investigate allegations -- by both Sudan and South Sudan -- that they are supporting rebels operating in each other's territory.

Regional nations also began to address another point of contention between Sudan and South Sudan, determining the centreline of a demilitarised buffer zone along the disputed border.

On Friday, the United Nations Security Council urged Khartoum to suspend any actions to halt the oil flow and said the two countries should "maintain dialogue" to ensure the oil keeps moving.

The fees due to Khartoum, and the export revenues for the South, are potentially worth billions of dollars to both impoverished economies.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.