Home | News    Wednesday 12 September 2018

South Sudan to pay Khartoum $1.2 billion oil debt

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September 11, 2018 (JUBA) - South Sudan will pay its outstanding oil debt of $1.2 billion to Sudan as oil output increases with reopening of more oilfields, the country’s petroleum minister, Ezekiel Lol Gatkuoth has disclosed.

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A pipeline that transports crude oil from the south to Port Sudan (Reuters)

The debt was agreed upon as part of the 2012 peace agreement both nations signed to end their longstanding disputes over oil payments following South Sudan’s secession from Sudan in July 2011.

South Sudan agreed to pay $3 billion to Khartoum as compensation for oil reserves the latter lost after South Sudan’s independence.

According to Gatkuoth, the young nation had paid off nearly $2 billion dollars by the time the civil war broke out in December 2013.

"We have paid almost two billion already to Sudan. And this 1 billion that is left, with the production (oil) resuming now, we will clear it,” the Petroleum minister told reporters in the capital, Juba on Monday.

Last week, South Sudan’s Petroleum ministry said it expects to reach peak oil output of 350,000 barrels per day (bpd) by mid-2019 as production ramps up at fields that were offline due to violence.

Gatkouth, however, said with the recent reopening of the Unity oil fields, the country will use its increased oil proceeds to pay all debts.

South Sudan got the lion’s share of the oil when it split from Sudan in July 2011, but it’s only export route is through Sudan, giving Khartoum leverage and leading to ongoing pricing disputes.

Since its independence, South Sudan has relied on oil for all its incomes, a situation that has significantly compounded the ongoing political and economic instability due to fall in crude oil prices.

(ST)

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  • 12 September 08:17, by jubaone

    Oh My God
    How cheap and worthless must our lives be, that these nyagat and jienge bastards pay the jellaba $3b for killing, raping and humiliating us for so long? Was is not enough that we paid that already with our dear blood? May the blood of our people curse thes nyagats and jienges. May their kids, wives and sons crawl like cockroaches. These are real "bush niggas"

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    • 12 September 08:24, by South South

      jubaone,

      Blame Pagan Amum. He is the one who did this bad deal with intention to destroy South Sudan.

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      • 12 September 09:09, by jubaone

        South South
        Bullshit, Pagan did not single-handedly do it. It was the SPLM and the Kiirminal as chairperson should have stopped this deal. How could such bastards reward the jellaba for killing our own people? These are worthless "bush niggas". idiots, sons-of-whores

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        • 12 September 12:36, by South South

          jubaone,

          What is this shit? " sons-of-whores", Son-of whores are those who are born after KARAMAS. The all world knows that Pagan led South Sudanese team for oil deal with fake Arabs and he finished the bad deal, signed, loot South Sudan money and he lives now comfortably in Colorado State in US with his family, but Karo People will not see that.

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      • 12 September 11:08, by Pakuai

        South South,
        This is a usual SUDAN TRIBUNE lie chap. The story is a made up story and doesn’t carry any shred of truth in it. It is just a pure lie just like another piece of rubbish that there is a fight in Yei River state. Remember fellows, the enemies of peace are out in force to maintain the status quo fellows. Fellows, SUDAN TRIBUNE is edited the enemies of South Sudan & the South Sudanese>>>

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        • 12 September 11:16, by Pakuai

          my problem about all these is, some of our elders seem to be not good students of history. Iam not trying to play negative about peace coming to back to our country here fellows. But I am one those guys who is sick of anything to do with Abesh (so-called ethiopia) or always taking our little issues to foreign countries when we can just handle them right here in our country>>>

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          • 12 September 11:21, by Pakuai

            and by our own selves. Since 1950th to date, every South Sudanese issue is always taken to that damn Adis Ababa. But all that is always go & sign in that damn Adis Ababa always turnout to be not in the interest of South Sudan & the South Sudanese. I can’t get this. Is there some of kind of ’magic’ that has tied our country & our people issues to that damn Adis Ababa?>>>

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            • 12 September 11:26, by Pakuai

              However I don’t like Mr. Salva Kiir & his seniors leadership styles, they did one thing right with the 2015 refusal to sign the then ARCISS in the hotels, brothels & bars of Adis Ababa but came & signed right here in South Sudan after one with loads of "reservations". Why is the peace not sign in Khartoum where it is being negotiated in but to Adis Ababa of all captial cities?>>>

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              • 12 September 11:31, by Pakuai

                Why don’t they just bring it here back to South Sudan and sign it here. Where the damn peace would come & be implemented in anyway? As I have stated here time & time again. The whole game here is about playing South Sudan & the South Sudanese people by even some countries we just just walkover and pee. But since our lowly informed politcians who believe in ’magicians & surpestitions’ other>>>

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                • 12 September 11:36, by Pakuai

                  countries bother here in our own region, Africa & the US, the UK, their UN, their sleazy NGOs & some of their allies in between. Our country & our people have been taken over by others and we are being ’football & chess game played about’ like DR Congo, Angola, Mozambique, Cuba & many South Americans, Eastern European countries, Some Middle Eastern ountries during the then COLD WAR>>>>

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                  • 12 September 11:43, by Pakuai

                    And even today, a COLD WAR part TWO is being played again. And our country, South Sudan, DR Congo, Libya, Central Africa republic (CAR), Libya, Yemen, Syria, Iraq, Afghanistan, Iran, Ukraine, Venezuala and other countries. But if you tell some of our lowly informed politicians & some of their sheeple to open their damn eyes & grow up. Countries like the US, the UK, France & their attack dogs,>>>

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      • 12 September 13:04, by Mapuor

        Pagan Amum failed us miserably. How can a rational being agree to pay Sudan such huge money. Lamentations !!!

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    • 12 September 12:23, by The Rhino

      Jubaone,

      Jienges and nyagats mismanaged South Sudan in all areas.The country will be paying billions of dollars to foreign governments and companies for other undisclosed worthless deals they’ve signed.South Sudan will for generations be struggling with its national debt paying back loans.Equatoria will not be part of it,let jienges and nyagats clean up their own shit!Equatoria is leaving!

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      • 12 September 12:30, by South South

        Don’t talk about Eqautoria today, just talk about Karo People, Bari Speakers. Everyone will sign peace today, then who will be left out? PDM and NAS, both are Karo people’s movements. One will ask very simple question here? Why these Karos are not united?

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        • 12 September 14:04, by jubaone

          South South
          Just go ahead and sign and leave the Baris out of it. You will soon realize, that the Baris were damn right. Anything jienge or nyagat often fails cuz of poor planning. Are you still going to hang around in Juba? Go home. Jiengelands needs you not Kenya or Uganda.

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          • 12 September 14:08, by South South

            jubaone,

            If all South Sudanese people agree to sign peace, but Karo people refuse to do so, it will be very interesting thing to follow. We are for peace, real peace and very good one.

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        • 12 September 14:14, by The Rhino

          South South,

          We the Karo people,Bari speakers are united.Don’t confuse yourself with few renegades who’ve probably spent their early years in your midst,adopted your rotten cultures and now signaling disunity threats against entire Bari community.Yes,we need to get rid of them in order to restore and fortify the rigid high level bond among ourselves.Once done,rest is history!

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          • 12 September 14:56, by South South

            The Rhino,
            If we left with Karo people, Bari Speakers alone. It’s a piece of cake to deal with.

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            • 12 September 17:59, by The Rhino

              South South,
              Keep your jienge nonsense for yourself,big coward.Let’s see who you’ll run up to after your protector Museveni is gone.The US is reviewing its military support for Uganda,which your jienge government entirely depends on.Museveni is turning into a brutal dictator who systematically tortures oppositions and assassinates his own service men,wicked.You jienges will soon get on your knees!

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      • 12 September 14:00, by jubaone

        Rhino
        Thank you for the nice piece. Today SS has a net debt of over 85% of the GDP around $2-3b plus 1.2b to the jellaba. This is about $400-450/capita or SSP 40,000-45,000 debt each SS must pay the creditors. Interest payment, increased borrowing and foolish jienge spending will soon push this to $600 or SSP 60,000. For posterity, we will have none cuz worthless jienges have emptied state coffers

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    • 12 September 16:22, by Khent

      I’ve said it before and I’ll say it again... I have NEVER seen anything quite as perverse as this; we lost millions to the North and now we’re paying them ’compensation’? This right here illustrates that the regime in Juba will continue to undermine South Sudan’s now near dead *Sovereignty*...

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      • 12 September 17:03, by Khent

        ..dignity and very existence. I loathe these myopic, greedy and incompetant animals for putting our entire struggle into utter disrepute. South Sudan is in this mess because the Dinka have a culture (s) that encourages child-like behaviour, greed, irresponsibility, arrogance, laziness, envy, ingratitude, rumour-mongering, back-stabbing and emotional manipulation...

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        • 12 September 17:17, by Khent

          South Sudan’s only hope is to actualize plurality, inclusivity and the right to self-governance; I propose that each tribe (regardless of size) be represented by two senators in a Federal Legislative assembly; this arrangement would require that the 64 tribes be represented by 128 Senators; the army and the security sectors must also be representative...

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          • 12 September 17:23, by Khent

            ..and the regions should form the basis; assuming that we want an army of 100, 000... that would mean that each of the three [3] regions would provide 33, 000 troops -> a true National Army. Each unit of 9 soldiers would have 3 troops from each region - preventing any tribe from using the army to achieve its own ends.

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            • 12 September 17:46, by Khent

              I’m not all that supportive of regional government, but I can see only one region being capable of forming a regional government -> Equatoria — and they should be able to decide if they want their Counties to govern themselves or form a regional government for Equatoria...

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              • 12 September 17:51, by Khent

                I believe (at least for the other regions) that the counties should serve as the only administrative units other than the Federal ’government’ and the regions should be used to equalize economic development across all the counties through two layers of tax collection -> county and regional taxes. This is required because certain counties lack the population size to be entirely self-sufficient.

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                • 12 September 18:00, by Khent

                  ..so enlarging the tax net is an obvious solution; I must stress that the regional tax money could only be equally distributed through establishing a logical (mathematical) matrix - a criteria predicated on indexes. This would deprive any tribe of its ability to throw its weight around in the regions. An independent border commission should also be established to adjudicate territorial disputes..

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              • 13 September 06:43, by Kenyang ll

                Khent,
                You’re intelligent, educated & honestly good man from good people. Current war/disasters in South Sudan is direct results of poor SPLM leadership at Gen. Kiir hands with nothing to do with Dinka people or their laziness as you saw it. One main reason John Garang decided to kill Benjamin Bol Akok was Bol called for for regional liberated war, that people of Wau should wage war at wau.

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                • 13 September 07:17, by Kenyang ll

                  ... if we were to go back to our regionalism (without emotion), Bhar Gazal would be only self-governing to run it ffairs with minor problems. Just like our glorious South Sudan, Upper Nile or Equatoria with many tribes will reject Nuer or Bari leadership as well.

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            • 12 September 17:48, by jubaone

              Khent
              I understand your frustration. You and I may have good ideas for the country but we have no power. Sadly, those with power have absolutely no ideas.

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  • 13 September 05:17, by Kenyang ll

    Sudan NiF swindlers had exploited South Sudan since day they happily watched us lowered lion John Garang down grave. From there, they thieves increased and started building tanks and all kind of light weapons and munitions purposely against us, with our new commander in incompetent Salva kiir looking other way. Current South Sudan negotiation in Khartoum is about exploitation of South Sudan oil.

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