July 29, 2009 (KHARTOUM) — The crude oil exports for Sudan last June edged higher compared to May reflecting improved prices for the crude in world markets.
The Undersecretary of the Ministry of Finance and National Economy, Al-Tayib Mustafa Abu-Gnaya was quoted by Sudan official news agency (SUNA) as saying that total oil revenue for June was $168.19 million compared to $147.83 in May.
Abu-Gnaya said that the share of the Government of Southern Sudan (GoSS) in oil revenues increased in June to $70.43 million from $63.43 million in May.
The share of GoSS for locally used oil was $34.96 million compared to $28.01 million in May.
He further stated that the shares of the oil producing states of Unity, the Upper Nile and South Kordofan were $1.20 million, $1.15 million and $998,000 respectively. The share of Abyei area in the oil revenues for was $1.66 million.
This month the Permanent Court of Arbitration redefined the boundaries of Abyei awarding North Sudan the area’s key Heglig and Bamboo oilfields placing them in the north Sudan district of Southern Kordofan.
As a result the ruling National Congress Party (NCP) announced that the South will not be entitled to receive any share from the oil exports from the two fields except the 2% to South Kordofan effective July 22nd.
Abu-Gnaya said that June’s calculations do not incorporate the impact of Abyei’s ruling.
The Goss is likely to protest the withholding of Abyei oil money particularly in light of the growing financial crisis impacting the budget figures.
The wealth sharing provisions of the Comprehensive Peace Agreement (CPA) stipulate that fifty percent (50%) of net oil revenue derived from oil producing wells in Southern Sudan shall be allocated to GOSS as of the beginning of the Pre-Interim Period and the remaining fifty percent (50%) to the National Government and States in Northern Sudan.
(ST)
حركة العدل و المساواة السودانية
موقع متخصص بنقل آخر الأخبار و البيانات و القرارات لحركة العدل و المساواة السودانية