Sudan and South Sudan settle oil dispute
Published: 4th Aug 2012 02:30:53
Sudan and South Sudan have struck a deal on an oil payments dispute that brought the two countries to the brink of war earlier this year.
They will also discuss a timetable for resuming oil exports through the north, said mediator Thabo Mbeki.
Landlocked South Sudan shut down oil production in January after failing to agree a deal on oil transit fees with its northern neighbour.
The dispute has severely impacted the economies of both countries.
A United Nations deadline for the neighbouring countries to resolve their differences - including the oil payments dispute and disagreements over borders - expired on Thursday.
Former South African president and African Union mediator Thabo Mbeki said all outstanding issues had been resolved, but gave no further details on the agreement.
"The parties have agreed on all of the financial arrangements regarding oil," he told reporters in the Ethiopian capital Addis Ababa, where the African Union Peace and Security Council was meeting.
"What will remain, given that there is an agreement, is to then discuss the next steps as to when the oil companies should be asked to prepare for resumption of production and export."
Neither country has made any comment on the deal.
When South Sudan seceded from the north in 2011, it took three-quarters of Sudan's oil with it.
The dispute over how much South Sudan should pay Khartoum to transport oil through its territory has led to huge economic problems in both countries.
South Sudan has suspended all oil production, accusing its neighbour of stealing its exports, while austerity measures have sparked weeks of protests in Khartoum.
The two countries came close to all-out war in April, when South Sudanese troops briefly occupied the disputed oil-rich border area of Heglig.
President Mbeki's announcement comes hours after US Secretary of State Hillary Clinton urged the two Sudans to strike a deal on a visit to Juba.
"It is urgent that both sides, north and south, follow through and reach timely agreements on all outstanding issues, including oil revenue sharing, security, citizenship and border demarcation," she said.
At 14:04:51 in Northern IrelandA private island in Lough Erne, County Fermanagh, has been put up for sale.
At 14:03:32 in SportWarwick racecourse is to abandon Flat racing and stage just National Hunt action from 2015.
At 13:55:44 in SportNorthern Ireland's Katie Kirk is through to the Commonwealth Games 800m semi-finals after an impressive run in Wednesday's heats at Hampden Park.
At 13:54:51 in SportDai Greene says he is unlikely to compete in the European Championships after failing to defend his Commonwealth Games 400m hurdles crown.
At 13:53:40 in SportReport to follow at end of match.
At 13:51:00 in EnglandA man has been charged with attempted murder after the shooting of two men in Oldham.
At 13:46:09 in EnglandA 12-year-old cyclist has died after a collision with a vehicle in a Leicestershire village, police said.
At 13:45:22 in EnglandA former policeman is to be charged with murdering a man who was shot dead after a car was stopped by officers in north London nine years ago.
At 13:43:14 in HeadlinesAn additional £3m in UK aid is to be made available to help the humanitarian situation in Gaza, Prime Minister David Cameron has announced.
At 13:43:10 in BusinessThe US economy grew at an annual rate of 4% during the April to June period, latest figures released by the US Department of Commerce have shown.
Harvard CitationBBC News, 2012. Sudan and South Sudan settle oil dispute [Online] (Updated 4th Aug 2012)
Available at: http://www.ukwirednews.com/news/1444453/Sudan-and-South-Sudan-settle-oil-dispute [Accessed 30th Jul 2014]
News In Other Categories
Lessons need to be learned from the case of a man who killed his wife and two-year-old son at their Gwynedd home, an official review has found.
Rolf Harris's sex offences sentence will not be referred to the Court of Appeal, despite 150 complaints over its "leniency", the attorney general's office has said.
Warwick racecourse is to abandon Flat racing and stage just National Hunt action from 2015.
A paedophile who abused two girls has been jailed for four years after a judge accused him of destroying the innocence of his victims.
The number of people in England diagnosed with dementia has risen by 62% over seven years.
A man has been charged with attempted murder after the shooting of two men in Oldham.