Norway to aid South Sudan with oil revenue management
South Sudan is getting a boost in aid from Norway over the next two years. The Norwegian government has pledged to provide up to $8.5 million in aid to the African country over the next two years as part of its ‘Oil for Development’ program. The money will go towards helping the country manage revenues earned from its oil sector.
Norway’s Minister of International Development Heikki Eidsvoll Holmas, said revenues accruing from the oil sector must be managed in a sound and transparent way, so that they can benefit the people in a Radio Miraya report. The funding commitment which marks the first formal development cooperation agreement between South Sudan and Norway, follows the resumption of oil production in South Sudan.
Norway’s “Oil for Development’ program was set up in 2005 and is involved in 20 oil producing countries with an annual budget of about $40 million dollars.
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- Unpaid Debt A comprehensive overview of the role of the Lundin Consortium in the oil war. ECOS calls upon the Swedish, Austrian and Malaysian governments to investigate whether, as a matter of international law, Lundin, OMV and Petronas 'were complicit in the commission of war crimes and crimes against humanity by others during the period 1997-2003.’ In response, the Swedish Public Prosecutor for International crimes opened a criminal investigation into ‘links between Sweden and the reported crimes’.
- In Depth For more specific information about the Lundin court case please visit the Unpaid Debt dossier.
