South Sudan is working to restart its oil exports after nearly a year of suspension due to war damage in Sudan, but talks with Sudan over new transit and processing fees ended without a deal. South Sudan relies on Sudan’s pipelines and ports to sell its oil, a key part of its economy. In recent talks held in Port Sudan, Juba pushed for fairer fees, improved security, and repairs to damaged infrastructure. Only 28,000 barrels per day are currently flowing, far below the usual 90,000. South Sudan has already paid $2.5 billion of a $3.028 billion agreement signed in 2012 and still owes about $500 million. The country says it wants to resume full oil production but needs stable conditions. Political challenges at home, including the arrest of the Oil Minister, have made the situation harder. Still, South Sudan remains committed to dialogue and plans to continue talks with Sudan to secure its oil future.
Pray for wise counsel for the authorities of South Sudan and Sudan who are involved in the oil dispute talks. Pray for a peaceful solution to improve infrastructure and security for continued oil exports (The Holy Bible, Psalm 118:25).
Pray for the economic diversification in South Sudan. Pray for peace and friendly relations between South Sudan and Sudan (The Holy Bible, Psalm 29:11).
News Source: North Africa Post
Image Source: Canva
