South Sudan/Sudan: Sudan to Receive $884 Million from Juba in Oil Transit Fees in 2014

Jan 4, 2015 | Sudan Vision
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Khartoum – South Sudan’s Oil Minister, Stephen Dhieu Dau, said on Saturday that Sudan’s share from transit fees of South Sudan’s oil amounted to US$884 million in 2014. He said his country’s oil revenue last year was hit by reduced output due to the ongoing internal armed conflict and the rapid worldwide decline in oil prices.

Oil is the largest source of income for South Sudan but its production has been hit by the fighting which broke out in December 2013 in the wake of a power struggle between President Salva Kiir and former vice president Riek Machar.

The total oil revenue last year was US$3.38 billion from the sale of 36.6 million barrels.