UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Hyatt, Egypt's ADD Developments sign MoU for hotel expansion    Serbian PM calls trade deal a 'new page' in Egypt ties    Reforms make Egypt 'land of opportunity,' business leader tells Serbia    TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Israel intensifies strikes on Tehran as Iran vows retaliation, global leaders call for de-escalation    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    LTRA, Rehla Rides forge public–private partnership for smart transport    Egyptian pound rebounds at June 16 close – CBE    China's fixed asset investment surges in Jan–May    Egypt secures €21m EU grant for low-carbon transition    Sisi launches new support initiative for families of war, terrorism victims    Egypt, Cyprus discuss regional escalation, urge return to Iran-US talks    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sudan, S.Sudan to resume oil exports, no wider deal
Agreement allows landlocked south to restart oil flow for first time since January, bringing much-needed dollars to both economies
Published in Ahram Online on 27 - 09 - 2012

The leaders of Sudan and South Sudan reached a border security deal on Wednesday that will restart badly needed oil exports, but failed to solve the other main conflicts left over when Africa's largest country split last year.
The deal, reached after more than three weeks of negotiations, will throw both economies a lifeline. It should for now prevent any resumption of the kind of fighting that broke out along the border in April - the worst violence since South Sudan seceded in July 2011 under an agreement that ended decades of civil war.
But the neighbours still deeply distrust each other and have a history of failing to implement agreements.
Faced with the threat of U.N. sanctions and economic collapse, Sudanese President Omar Hassan al-Bashir and his South Sudanese counterpart Salva Kiir agreed after four days of summit talks to set up a demilitarised border buffer zone.
The deal will allow landlocked South Sudan to resume oil exports through Sudan, providing both battered economies with dollars. The south had shut down its entire 350,000 barrels a day of output in January after the countries argued about transit fees.
"The agreement will be signed tomorrow," El-Obeid Morawah, spokesman for Sudan's Foreign Ministry, told Reuters. Atif Keir, spokesman for the southern delegation, confirmed the deal.
But despite pressure from the African Union, the United States and other Western powers, the two sides failed to settle the fate of at least five disputed oil-producing regions along the border.
Tensions over the unmarked 1,800-km common border spilled over into fighting in April, when South Sudan's army briefly occupied the Heglig oilfield, vital to Sudan's economy.
"We will talk about the claimed areas in future talks," Morawah said.


Clic here to read the story from its source.