Sudan/South Sudan: South Sudan to Make Last Debt Payment to Sudan in June

May 10, 2018 | Julia Payne, Reuters
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South Sudan will finish paying off its debt to neighbor Sudan in June with a final cargo of crude oil, South Sudan’s oil minister Ezekiel Lol Gatkuoth told Reuters on the sidelines of the Africa Oil and Power investor forum in London. The debt stems from a 2012 deal that ended a dispute over oil payments between the two nations after South Sudan seceded the previous year. In the deal, South Sudan agreed to pay $3 billion to its northern neighbor.