24/Apr/2014 - Last News Update: 10:59

Sudan and South Sudan settle oil dispute

Category: Headlines

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.

Source:
BBC News External Link Show Citation

Latest News

Harvard Citation

BBC 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 24th Apr 2014]

News In Other Categories

  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • Alstom shares jump on GE takeover bid report

    Shares in French engineering company Alstom have jumped after a report that US multinational General Electric is in talks to buy Alstom for $13bn.
  • Borders to Edinburgh railway: Carlisle extension would be 'wonderful'

    A council leader has said extending the soon to be reopened Borders railway to Carlisle would be "wonderful news".
  • Crime falls 15% in England and Wales

    Overall crime in England and Wales fell by 15% in 2013, according to official figures.
  • Alstom shares jump on GE takeover bid report

    Shares in French engineering company Alstom have jumped after a report that US multinational General Electric is in talks to buy Alstom for $13bn.
  • Ulster Bank faces further computer problems

    Ulster Bank has faced further problems with its computer systems.