US Wants China and Arab States to Support $3 Billion Bill

- August 8th, 2012

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.

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.

Click here to read the full CNBC report.

Tags

Tags: ,

Leave a Reply