Oil production from South Sudan restarted early last month after a near-15 month shutdown. This means Sudan can expect to start to receive payments from the South for its use of Sudan’s oil export infrastructure by late August.
As per the terms of a deal agreed between the two sides late last year, Juba will pay Sudan an average $9.48/B pipeline transit fee, as well as $3.03bn in ‘compensation’ to be paid over three and a half years from the first receipt of export revenues: compensation for the loss to the South of nearly 75% of former unified Sudan’s oil production when the south seceded in mid-2011. (CONTINUED - 1003 WORDS)
