Sudan/South Sudan: South Sudan Owes Sudan $1.3 Billion from 2012 Oil Deal: Official

Dec 5, 2017 | Denis Dumo, Reuters
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South Sudan still owes neighboring Sudan $1.3 billion from a 2012 deal that ended a dispute over oil payments between the two nations, the deputy finance minister told Reuters before he was sacked last week. The previously undisclosed amount is equivalent to eight years worth of oil revenues for South Sudan at current prices, according to former deputy minister Mou Ambrose Thiik. He spoke to Reuters on Friday and was removed from his post by President Salva Kiir later that day.