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South Sudan May Pay North 30% of Oil Revenue, Minister Says

Southern Sudan may agree to pay as much as 30 percent of its oil revenue to the government in the north after it becomes an independent nation in July, said the region’s foreign trade minister, Elias Nyamlel Wakoson.

Land-locked Southern Sudan will pay for the right to use an export pipeline that crosses the north in cash or in oil, Wakoson said today in an interview in Dubai. The authorities in Khartoum, Sudan’s capital, and Southern Sudan’s government are negotiating post-independence arrangements for the oil industry.