Loading...

Sudans Agree To Restart Oil Flow After Border Deal

South Sudan said on Tuesday it would be ready to restart oil production within three weeks after finalizing a deal to resolve bitter border and security disputes with its neighbor and long-time foe Sudan.
Hours after the announcement, Sudan said it had begun pulling its troops out of a buffer zone along the countries' shared boundary, easing tensions and echoing South Sudan's announcement of a troop withdrawal on Monday.

Landlocked South Sudan shut down its 350,000 barrel-per-day crude output in January last year in a row with Sudan over how much it should pay to send the oil through Sudanese pipelines to the Red Sea.

The closure had a devastating effect on both struggling economies, which rely on foreign currency from oil sales and pipeline fees to import food and fuel.

It also exacerbated explosive quarrels over disputed territory and other issues left unresolved between the two countries after South Sudan's secession from Sudan in July 2011.

Border skirmishes brought the two close to war in April and each accuses the other of backing rebels in their territories.

Sudan's chief negotiator, Idris Mohammed Abdel Gadir, signed a deal with South Sudanese counterpart Pagan Amum early on Tuesday setting out a timeline to restart exports after four days of African Union-brokered talks in Addis Ababa.

Former South African president Thabo Mbeki, who has been mediating between the two sides, told reporters they had agreed to order oil companies to restart production within two weeks of "D-Day", given as Sunday, March 10.

A copy of the implementation timeline seen by Reuters confirmed the date. "Resumption of production shall take place as soon as technically feasible," it said.

The oil deal capped months of on-off negotiations. Both countries had already agreed to pull troops from the border and to restart oil flows in principle in recent months.

But differences over how to put the agreements into practice had stymied efforts to get a concrete settlement.

Tuesday's oil deal, and other security pacts agreed on Friday, were backed up by concrete timetables, said diplomats following the discussions, though they warned there was still a chance things could break down.
World 3533480103251555172

Post a Comment

emo-but-icon

Home item

Popular Posts

Labels

Current News Nigeria Africa BREAKING NEWS Boko Haram Terrorism Entertainment Goodluck Jonathan South Africa Business Big Brother Africa Mali Egypt AFCON Elections Sudan Abubakar Shekau Zimbabwe Libya Somali FIFA Barack Obama Chelsea Al-Qaeda Syria Mandela Senegal African Union Lagos Manchester United Tunisia Uganda Patience Jonathan Central Africa Jose Mourinho Barcelona Jacob Zuma Stephen Keshi Algeria Dangote Ethiopia Malawi Nigerian Army Oscar Pistorius Zambia Big Brother CHASE Celebrity Saudi Arabia Ansaru Arsenal Mikel Obi Liberia Muslim Brotherhood Olusegun Obasanjo Pope Benedict XVI Okonjo-Iweala Amnesty Argentina Congo North Korea Queen Elizabeth II Robert Mugabe Sierra Leone Angola Buhari Dana Twitter APC Adenuga Alex Ferguson Aljazeera Boston Marathon David Mark EFCC Henry Okah Morsi Sanusi Togo #OccupyNigeria Arik Air Arsene Wenger Basketball Cristiano Ronaldo Current Views Spain UEFA Champions League Uhuru Kenyatta Yobe Babatunde Fashola COZA Drogba Michelle Obama Morgan Tsvangirai Tanzania Wole Soyinka Bakassi Peninsula Mark Zuckerberg Middle East Mozambique Neymar Roman Abrahamovich World Bank World Cup ANC Al Ahly Al Shabaab Aliko Dangote Angelina Jolie Bayelsa Big Brother Star Game Burkina Faso Chevron D'Banj Don Jazzy FELA Farouk Lawan Kim Kardashian Michael Jordan Mike Tyson Peter Odemwingie Sepp Blatter Singapore Social Media Sokoto Super Eagles Swaziland Tiger Woods WhatsApp Yahoo Asari Dokubo BBC British M16 CBN Danbaba Suntai David Beckham Ernest Koroma Fabrice Muamba Femi Falana Hezbollah Julius Malema Kabiru Sokoto Kanu Nwankwo Lesotho Michael Jackson Osama Bin Laden Pope John Paul II Sani Abacha Somaliland South Korea Susan Rice Taraba Yakowa Yemen Yvonne Ndege Zamfara Zaria

Random Posts

Flickr Photo