Home | News    Sunday 5 March 2006

Sudanese presidency updated on oil revenues

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Mar 4, 2006 (KHARTOUM) — Sudanese President Omer Al-Bashir, the First Vice-President of the Republic, Salva Kiir, and the Second Vice-President, Ali Osman Taha, were Saturday briefed by the Ministers of Finance of the federal and south Sudan governments about the oil revenues in the past year 2005

The State Ministers at the Presidency of the Republic, Idris Mohamed Abdul-Gadir, and Tilar Deng were present in the meeting.

In a press statement to the state-run SUNA after the meeting, the federal Minister of Finance, Al-Zubair Ahmed Al-Hassan, said that the participants at the meeting have shared identical views concerning the distribution of the oil revenues in the past year.

He said that 100 million barrels were exported in the past year, adding that the revenues of 69 million of which went to north and south Sudan, which the revenues of 31 million oil barrels have gone to the operating companies.

The minister said that 50% of the revenues of the oil produced in the south was paid to the South Sudan government, after deducting 2% for the interest of the currently producing Wohda State.

He pointed out that 718 million dollars were delivered to the south government out of its total share for the past year 2005, which was 798 million dollars, adding that the federal government will pay the remaining 80 million to South Sudan Government.

The federal Minister of Finance stated that the share of the south in the oil revenues for last January was 72 million dollars.

He said that the share of Wohda State from the oil revenues in the past year were 32 million dollars, adding that 21 million dollars out this share were already delivered to Wohda State while the remaining part will be paid to the state in the coming months.

The federal Minister of Finance pointed out that like these meetings will bolster the cohesion, mutual confidence and the joint work of the national unity government.

The Minister of Finance of South Sudan Government said that the existing registers and documents assured the credibility of the oil revenues and accounts.

(ST)

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