Home | News    Monday 4 August 2014

Sudan receives $183m from oil companies in transit fees

separation
increase
decrease
separation
separation

August 3, 2014 (KHARTOUM) – The Sudanese government announced on Sunday that the central bank had received $183 million from oil companies in transit fees per previous agreements.

JPEG - 23.3 kb
South Sudan oil exports have to go through its northern neighbour (Photo: Reuters)

On 28 June, Khartoum and oil companies operating in South Sudan’s oilfields (blocks number 3 and 7) signed a framework agreement which entitles Sudan to receive $366 million annually.

These oil companies agreed to pay $4 as transit fees instead of $1 besides agreeing to raise the barrel’s tariff from $5.5 to $19.8 for three years beginning June 2013.

Sudan’s oil minister, Makkawi Mohamed Awad was quoted by state news agency (SUNA) as saying that China National Petroleum Corporation (CNPC) and Malaysian oil and gas company (Petronas) were the two companies that disbursed the money in accordance with production shares.

He praised their commitment to the agreement and timeframe stipulated saying it will help boost Sudan’s Forex reserves.

The deal lasts until the end of 2017, with Sudanese officials saying the government will own 95% of the pipeline after that.

Oil used to be the main source for Sudan’s budget until southern secession in July 2011, when Khartoum lost 75 percent of its oil production and its status as oil exporter overnight.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Perspectives on Kiir and Machar meeting 2018-06-20 22:48:12 By Santino Ayual Bol IGAD which has been facilitating and mediating the slow-heel Agreement to Resolve the Conflict in the Republic of South Sudan shortly abbreviated as ARCISS has unilaterally (...)

SLM’s al-Nur’s response to Troika countries about violence in Darfur 2018-06-20 22:02:28 Response by the Sudan Liberation Movement to statement by the United States, United Kingdom & Kingdom Of Norway on cessation of violence in Darfur By Abdul Wahid al-Nur Dear President (...)

Another electoral farce Sudanese should expect in 2020 2018-06-18 02:08:16 Sudanese Elections Scheduled for 2020 will be Fraught with Dangers andCounterfeiting like its predecessors By Mahmoud A. Suleiman The National Congress Party (NCP) regime’s Elections Scheduled (...)


MORE






Latest Press Releases


The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.