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Monday, January 2, 2017
The governments of Sudan and South Sudan have extended their 2013 agreement on oil transit fees for crude shipped via Khartoum’s pipeline to the Red Sea coast.
South Sudanese Petroleum Minister, Ezekiel Lol Gatkouth, met with Sudan’s Petroleum Minister, Mohamed Zayed Awad, to discuss on the oil transit fees as a result of the collapse of oil prices, the Sudan Tribune reported. Awad said: “This agreement was set for three years. We have agreed to extend it for another three years.”
The oil transit fee agreement of 2013 calls for South Sudan to pay its neighbor $9.10 per barrel for crude produced in the Upper Nile state and $11 per barrel for crude from Unity state. Juba also agreed to pay the Transitional Financial Assistance (TFA) to the average of the agreed oil transportation fees. As agreed, South Sudan’s oil transit fees through Sudan’s territories will remain as it is with $20 per barrel.
Gatkuoth reiterated South Sudan’s commitment to implementing all items of the agreement, saying that the two sides have agreed to cooperate and re-operate the stopped oil fields, in addition to training, capacity building and research, and laboratories via the oil-training center.
Awad said his Ministry is willing to provide Juba with all the data related to oil blocks in South Sudan. He also reiterated readiness to train South Sudanese oil workers.
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