South Sudan oil: Vital oil exports cleared to resume through Sudan
Landmark deal paves way for billions of dollars in lost revenue to be recovered
Deal will also help to ease tensions between the two countries
South Sudan has been given the green light to resume oil exports through Sudan, a move that could boost its economy and ease tensions between the two countries.
The deal was announced on Monday by the Sudanese government and will see South Sudan resume pumping oil through pipelines that run through Sudan to the Red Sea.
South Sudan's oil industry has been in decline since the country gained independence from Sudan in 2011. The country has been unable to export its oil due to a dispute with Sudan over transit fees.
The new deal will see South Sudan pay Sudan $24 per barrel of oil to use its pipelines. This is a significant reduction from the $36 per barrel that South Sudan was previously paying.
The deal is expected to boost South Sudan's economy. The country has been struggling to recover from a civil war that ended in 2018.
The deal is also expected to ease tensions between South Sudan and Sudan. The two countries have been at odds over a number of issues, including the oil dispute.
The deal is a significant step forward for both South Sudan and Sudan. It is expected to boost the economies of both countries and help to improve relations between them.
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