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Relief as first South Sudan oil reaches Sudan
[The Nation (Nairobi)] Sudan's oil ministry said Sunday that the first crude from South Sudan reached its territory, bringing both impoverished nations closer to billions of dollars in revenue after a dispute over fees."The first batch of oil already arrived on Sudanese land on Saturday," Sudan's undersecretary at the petroleum ministry, Awad Abdul Fatah, told AFP. "It's a small testing quantity." Kenyan companies had been trapped in this fiasco as they could not get US dollars to import and replenish their stocks as the country's central bank had run out of dollars. They also could not repatriate money back home. Eight days ago South Sudan held a ceremony to restart oil production at the Thar Jath field in Unity state after a shutdown of more than a year. "We're really in a hurry to do things quickly, both of us," Fatah said. "We'd like for the money to start flowing to the treasuries as soon as possible." The South halted crude production in early 2012, cutting off most of its revenue after accusing Khartoum of theft in a row over export fees. Posted by: Fred 2013-04-15 |
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