South Sudan threatens to sue the north over oil
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May 26, 2011 (KHARTOUM) – South Sudan has threatened to instigate
legal proceedings against the north should the latter sell a single
gallon of oil after the south declares independence on 9 July 2011.
North and South Sudan have been splitting proceeds of the country’s
crude oil under a 50/50 sharing formula as per the Comprehensive Peace
Agreement (CPA), which in 2005 ended more than two decades of
north-south civil wars and paved the way for South Sudan independence
in July this year.
North Sudan finance minister Ali Mahmud on Wednesday revealed that the
Government of South Sudan had sent an official letter warning the
north against selling any amount of oil after July.
“Now before me is a letter in which they [south Sudan government] said
they would report us to court if we sold a single gallon [of oil]” Ali
Mahmud said.
South Sudan, which produces nearly 70 percent of the country’s proven
daily output of 500, 000 oil barrels, will need to continue sharing
oil revenues with the north after independence since the latter has
the refineries and pipeline infrastructure necessary to transport the
oil to export terminals.
The two sides have been negotiating a new power sharing deal under
which the north is expected to get less than the 50 percent share.
(ST)
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