Sudan and South Sudan reach oil deal

| August 4, 2012 | 0 Comments

REUTERSSudan and South Sudan have reached a badly needed oil deal and will discuss restarting oil production soon but still need to resolve key border security issues to end hostilities, a mediator from the African Union said on Saturday.

There was no immediate confirmation from the African arch-foes, which came close to war in April when border fighting escalated to the worst violence since South Sudan split off a year ago under a 2005 agreement to end decades of civil war.

If confirmed, an oil deal would mark a big step forward in ending a long list of conflicts left over from the duo’s messy divorce as oil is the lifeline for both.

“It’s an (oil) agreement about all of the matters. The issues that were outstanding were charges for transportation, for processing, transit,” former South African President and AU mediator Thabo Mbeki told reporters.

“What will remain (now)…is to then discuss the steps as to when the oil companies should be asked to prepare for the resumption of production and export,” Mbeki said in Addis Ababa where the talks take place.

He gave no details or time frame.

The neighbours, which share a deep mistrust and have often not implemented previous arrangements, will

Read more: http://www.france24.com/en/20120804-sudan-south-sudan-oil-deal-production-african-union-mbeki-clinton-abyei

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Category: South Sudan News