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US Wants China and Arab States to Support $3 Billion Bill
Aug. 08, 2012 12:15AM PST
Resource InvestingCNBC reported that the US wants China and Arab states to help pay the $3 billion bill for a deal intended to resume oil production and resolve conflict between Sudan and South Sudan.
CNBC reported that the US wants China and Arab states to help pay the $3 billion bill for a deal intended to resume oil production and resolve conflict between Sudan and South Sudan.
As quoted in the market news:
South Sudan will pay fees equivalent to $9.48 per barrel of oil for the use of export infrastructure in Sudan. It has also agreed to transfer $3.028 billion to Khartoum to plug part of the financing gap resulting from its secession from the north last year after decades of civil war.