Sudan and South Sudan agreed to extend the financial arrangements on agreement in the oil field, which was signed in Ethiopia in 2013, China Internet Information Center informed.
South Sudanese Petroleum Minister, Ezekiel Lol Gatkouth, met with Sudan’s Petroleum Minister, Mohamed Zayed Awad, to discuss on the oil transit fees as a result of the collapse of oil prices, Sudan Tribune reported. Awad said: “This agreement was set for three years. We have agreed to extend it for another three years.”
In August 2013, South Sudan agreed to pay to Khartoum $9.10 for the oil produced in Upper Nile state and $11 for that of Unity region. Also Juba agreed to pay the Transitional Financial Assistance (TFA) to the average of the agreed oil transportation fees. As agreed, South Sudan’s oil transit fees through Sudan’s territories will remain as it is with $20 per barrel.
Gatkuoth reiterated South Sudan’s commitment to implementing all items of the agreement, saying that the two sides have agreed to cooperate and re-operate the stopped oil fields, in addition to training, capacity building and research, and laboratories via the oil-training center.
Awad said his Ministry is willing to provide Juba with all the data related to oil blocks in South Sudan. He also reiterated readiness to train South Sudanese oil workers.