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Sudan turns down South Sudan oil deal proposal

Saturday, July 28, 2012 | Posted by | | Edit Post
Sudan has turned down South Sudan's proposal of a higher oil transit fee and an $8.2 billion or (P63 billion) financial deal, ruling out any comprehensive settlement of outstanding issues by the August 2 deadline.


The offer and its refusal come just days ahead of an AU- and UN-imposed deadline calling on both sides to reach agreements on issues including oil transit fees, border demarcation and security by the specified date.
Pagan Amum, South Sudan's chief negotiator, told reporters Juba was ready to resume oil exports, stalled in January, if "reasonable" transport fees are agreed on.
He outlined a proposal whereby Juba would pay up to $9.10 a barrel to transit its oil through Sudan.Khartoum had earlier demanded as much as $36 per barrel, which includes tariffs and transit, processing and port fees.
South Sudan said that "in the interest of peace" it was offering Sudan a financial package, worth $8.2 billion or (P63 billion) over three years, which includes a cash payment and debt forgiveness to help fill the massive financial gap Sudan reported after the South gained independence a year ago.
Sudan however, dismissed the offer, saying that security remained their top priority and that issues such as South Sudan's alleged backing of rebels should therefore be settled before other issues are tackled.
Source: Mmegionline

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