Kiir says South Sudan will share some oil with North
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June 25, 2011 (KHARTOUM) –The president of the soon to secede South
Sudan Salva Kiir said that the new nation has no intention of totally
denying the North oil revenue that is produced in the landlocked
region.

Speaking to reporters following his meeting with German foreign
minister Guido Westerwelle, the Southern leader said that they do not
intend to leave the North without support.

"We do not want to take all the oil revenues, we must leave something
for the North to help them in facing the economic challenges," Kiir
said.

This week Sudanese president Omer Hassan al-Bashir threatened to turn
off oil pipelines that transfer the crude from the South to Port
Sudan.

"I give the south three alternatives for the oil....either the north
continues getting its share, or we gets fees for every barrel that the
south sends to Port Sudan," Bashir told supporters at a rally in Port
Sudan.

"If they [Southerners] don’t accept that, we’re going to shut down the
pipeline," he added.

Both sides have yet to agree on a new formula for sharing oil revenues
to replace the 50-50 arrangement currently in place amid differing
views on how it should be calculated.

North Sudan said that it stands to receive 36% less income as a result
of losing control over the oil-fields in the South prompting Khartoum
to craft measures to cushion the impact on the economy.

South Sudan will become an independent state next month after its
citizens in favor of breaking away from the North.

(ST)

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