South Sudan

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Index South Sudan Main Page Peace Accord Reached Historic Vote for Independence Oil Pipeline Deal Achieved

Oil Pipeline Deal Achieved

Under significant pressure from the African Union, United Nations, and U.S. Secretary of State Hillary Clinton, Sudan and South Sudan reached an oil deal on Aug. 4, 2012. South Sudan, where the oil reserves are located, has agreed to compensate Sudan for the use of its oil pipeline in the form of both an amortized lump sum as well as a per-barrel payment. Financial details were not released.

After more than a year of no oil, Sudan and South Sudan reached an agreement in March 2013, brokered by the African Union, to resume oil production within the month. South Sudan gets 98% of its revenue from oil. The agreement established a timeline for resumption of oil production, and addressed other issues including security and border demarcation.

See also Serbia .
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