facebook
twitter
rss
account
search
search
 

Bashir, Kiir in talks on Sudan-South Sudan oil revenue split

April 12, 2013 at 3:51 PM   |   Comments

JUBA, South Sudan, April 12 (UPI) -- Sudanese President Omar al-Bashir and South Sudanese President Salva Kiir met Friday for talks on splitting oil revenue between the countries, officials said.

The visit was Bashir's first to his southern neighbor since South Sudan became independent in 2011, the BBC reported.

South Sudan gained about 75 percent of Sudan's oil production upon becoming a state, and the countries have disagreed over how much Juba, the South Sudanese capital, should pay to move the oil through pipelines in Sudan. South Sudan shut down production last year, causing stress to the economies of both countries.

Juba relies on oil exports for 98 percent of its budget, while Khartoum, the capital of Sudan, needs the revenue for foreign currency and to make up for a budget deficit, the Financial Times reported.

Both sides struck a deal this month, and oil is expected to begin flowing again at the end of May.

During the meeting in Juba, both leaders are expected to meet with technical experts from oil companies and reopen an oilfield to production, the Times said.

Bashir and Kiir still have not reached agreement on who owns Abyei province and other regions along their 1,200-mile border.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Father of five children thought they would kill him, feed him to dogs Father of five children thought they would kill him, feed him to dogs
2
New video shows missing UVA student the morning she disappeared New video shows missing UVA student the morning she disappeared
3
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
4
Peshmerga forces kill senior Islamic State commander Peshmerga forces kill senior Islamic State commander
5
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
Trending News
Video
x
Feedback