Tuesday 10 September 2013

Oil dependence is South Sudan's boon – and bane - The National

Oil dependence is South Sudan's boon – and bane - The National:

"With a long track record of broken promises and dishonoured agreements, many South Sudanese are very sceptical about the durability of the recent oil agreement between South Sudan and Sudan.

Yet, because of the indispensability of oil to the economies of the two countries, particularly South Sudan, most people in the country welcomed the announcement to reverse the threatened closure by Khartoum of a pipeline South Sundan relies on to export its oil via Port Sudan.

South Sudan now plans to increase crude output by 20 per cent to 200,000 barrels a day after reaching the agreement, the foreign affairs spokesman Mawien Makol Arik said last week."

'via Blog this'

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