Already hit by the loss of around one third of its oil output, South Sudan’s finances have been dealt another body blow by the combination of sliding world oil prices, and a short-sighted negotiating strategy in its 2012 transit revenue deal.
The near $60/B decline in global oil prices since mid-2014 has uncovered a potentially fatal flaw in a key deal signed between South Sudan and its former civil war foe Sudan in 2012 over oil transit fees, that could further exacerbate the South’s economic problems, and drag it deeper into crisis. (CONTINUED - 1341 WORDS)
