Sudans April-May oil revenue exceeds billion dollar
Sudan’s oil revenues in the months of April and May exceeded one billion U.S. dollars, the federal ministry of finance announced on Monday, less than one week before the independence of the oil rich South Sudan.
The Ministry of Finance said in a statement released today the share of the central government amounted 569.69 million while the South Sudan government got 396.03 million dollars .
The producing states – Unity, Upper Nile and south Kordofan received a share of 20.04 million US dollars, as the contested area of Abyei received 0.94 million.
The ministry said the apportionment of the net revenue of July will be calculated in August ending the share of oil revenues agreed under the Comprehensive Peace Agreement (CPA).
Last week, Pagan Amum, secretary general of South Sudan ruling party, the SPLM, accused the federal oil minister of betraying the South by selling and giving half of South Sudan’s oil revenues for the month of July to North Sudan contrary to the CPA agreement which ends the share on July 9.
The minister Akec Deng denied the accusations saying the share was agreed by the South Sudanese leader Salva Kiir.
The two parties of the 2005 peace agreement failed to conclude a deal on the transportation of southern oil after the secession. They nonetheless said talks will continue after the independence of South Sudan which will be celebrated on 9 July.
However; the parties decided the south will pays transit fees for the exportation of South Sudan oil through the northern pipeline.
(ST)
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