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Two Sudans agree to order oil restart within 2 weeks

Posted by Ethio Tribune on March 12, 2013

ADDIS ABABA (Reuters) – Sudan and South Sudan agreed on Tuesday to order a restart to southern oil exports through Sudan within two weeks, more than a year after Juba shut down its Former South African President Thabo Mbeki speaks during a meeting between Sudanese Defence Minister Abdelrahim Mohamed Hussein and his South Sudan counterpart John Kong Nyuon in Ethiopia's capital Addis Ababa, March 8, 2013. REUTERS/Tiksa Negerientire petroleum industry.

Landlocked South Sudan, which seceded from Sudan in July 2011, closed off its 350,000 barrel-per-day output in January last year in a dispute with Khartoum over how much it should pay to send the oil through Sudanese pipelines to the Red Sea.

Both countries depend heavily on oil for the foreign currency they need to import food and fuel, but disputes over the border and other issues left over from partition have prevented them resuming exports.

Sudan’s chief negotiator, Idris Mohammed Abdel Gadir, signed a deal with his South Sudanese counterpart Pagan Amum in the early hours of Tuesday setting out a timeline for the resumption of oil exports after four days of African Union-brokered talks in Addis Ababa.

South African former President Thabo Mbeki, who has been mediating between the two sides, told reporters they had agreed to order oil companies to restart production within two weeks of “D-Day”, given as Sunday, March 10.

A copy of the implementation timeline obtained by Reuters confirmed the date. “Resumption of production shall take place as soon as technically feasible,” it said.

The two former civil war enemies agreed at the talks in the Ethiopian capital on Friday to order the withdrawal of their troops from a demilitarised border zone within a week to ease tensions and open the way to resuming oil exports….click here to read to full story from Yahoo

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