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Rift Valley Institute

Making local knowledge work

Oil deal no quick fix for Sudan crisis

The News reported that a last minute oil deal reached between Sudan and South Sudan offers no quick fix for Khartoum’s economic crisis and remains tied to progress on security issues. Analysts said that both sides agreed Juba would pay Khartoum a package amounting to about USD 3 billion as well as a per barrel fee for sending its oil through the north’s infrastructure for export via Port Sudan. Juba said the fee is USD 9.48 per barrel. Khartoum has not commented on the final fee but Mr El Shafie Mohammed El Makki head of political science at the University of Khartoum said that the figures are not encouraging although something is better than nothing. Mr Magdi El Gizouli fellow at the Rift Valley Institute, a non profit research organization said that “I think that the economic crisis is very, very, very serious. I don’t think such an amount of money can solve the problems. The true economic value of the deal is also difficult to assess because numbers mentioned by either side are directed towards the domestic audience.”

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