The government of South Sudan generated just $984mn from crude sales in the 2014-15 financial year, down by almost 40% on the previous year’s $1.59bn takings, according to a Ministry of Petroleum report seen by MEES.
Crude marketed by the government amounted to a total of $2.39bn, but once payments to Sudan for use of its oil infrastructure, sales by state oil company Nile Petroleum (Nilepet) and loan repayments made in crude are taken into account, the treasury received just 41% of that sum (see table 1). (CONTINUED - 2074 WORDS)
