Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


S.Sudan ups debt relief, oil fee offer for Sudan

23 July 2012, 13:28

 Addis Ababa/Juba - South Sudan is offering Sudan complete debt forgiveness and a $3.2 billion compensation package to plug its rival's gaping budget deficit in an attempt to move forward stalled talks, a senior official said on Monday.

The African neighbours came close to war when border fighting escalated in April, the worst violence since South Sudan declared its independence a year ago under a 2005 agreement that ended decades of civil war.

Talks between the neighbours have been locked in a stalemate over a range of disputed issues including fees for Juba's oil exports and the demarcation of the joint border.

Pagan Amum, South Sudan's chief negotiator, said Juba tabled its "last offer" on Sunday ahead of an August 2 U.N. Security Council deadline that threatens sanctions against the two countries unless they resolve all issues by then.

The proposal includes an offer to wipe out debts worth more than $4.9 billion, as well raising its compensation package to $3.2 billion, up from a $2.6 billion offer it made earlier this year.

It also includes an improved offer of $9.1 and $7.26 per barrel in oil transit fees for Sudan's two pipelines, still well short of Khartoum's last demand of $36 per barrel for both pipelines.

"This is our last offer. We are left with nine days (before the U.N. deadline). It's time for the parties to conclude an agreement," Amum told reporters in Ethiopian capital Addis Ababa where talks sponsored by the African Union are taking place.

There was no immediate comment from Sudan, which has disputed debt figures cited by South Sudan. Khartoum has said it will not discuss any agreement on oil exports or other financial issues until both sides reach a deal on border security.

Sudan accuses South Sudan of supporting rebels in two southern border states and the Western Darfur region, a claim that some diplomats find credible despite denials from Juba.

South Sudan itself accuses Sudan of bombing its territory. Sudan routinely denies these claims but Reuters reporters have witnessed several air strikes.

In January, South Sudan shut off its entire oil output after Khartoum started taking oil for what it called unpaid export fees. Both economies badly need the oil.

Oil provides about 98 percent of South Sudan's income and is vital to the impoverished country as it tries to develop infrastructure and institutions devastated by a war that killed an estimated 2 million people.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...