Khartoum wished Juba to pay about $36 a barrel for a bundle of charges to pipe the oil to port; Juba countered with a suggestion of beneath $1 and mentioned it might pay the remaining on to the worldwide corporations who produce the oil. While they haggled, South Sudan kept exporting crude on the understanding it will pay Khartoum again as soon as a deal was struck. But as South Sudan collected over $three billion in oil revenue, Sudan's economy cratered. The Sudanese pound halved in worth, driving up the price of imports like wheat and sugar.
Thursday, October 31, 2013
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Khartoum wished Juba to pay about $36 a barrel for a bundle of charges to pipe the oil to port; Juba countered with a suggestion of beneath $1 and mentioned it might pay the remaining on to the worldwide corporations who produce the oil. While they haggled, South Sudan kept exporting crude on the understanding it will pay Khartoum again as soon as a deal was struck. But as South Sudan collected over $three billion in oil revenue, Sudan's economy cratered. The Sudanese pound halved in worth, driving up the price of imports like wheat and sugar.
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