South Sudan receives $473 mln, as oil revenues share for five months
Aug 4, 2006 (KHARTOUM) — The share of the South Sudan Government in the total oil revenues within the period from January-May 2006 reached 473 million dollars.
A report issued by the Oil Unit at the Ministry of Finance and National Economy said the South Sudan Government received 72.4 million dollars, its share in oil revenues for January, the state-run Sudan said.
The report which is monthly prepared by experts from Ministries of Finance and Energy and from South Sudan Government stated that the flow of oil revenues to South Sudan Government was 96.9 million dollars in March, 95.8 million dollars in April, and 112.1 million dollars in May.
The total share of the South Sudan Government in oil revenues for the year 2005 was 894.7 million dollars.
After the multiples accusations of lack on transparency on the oil revenue the ruling National Congress ministry of oil publishes regularly figures of the South Sudan shares of oil revenue.
The Comprehensive Peace Agreement (CPA), signed between the southern Sudan People’s Liberation Movement/Army (SPLM/A) and the ruling National Congress Party (NCP) on 9 January 2005, foresees the equal sharing of southern oil wealth between north and south and provides southern Sudan with a substantial source of income for reconstruction.
The size of the oil revenues, however, is determined by the national Ministry of Energy and Mining and the Ministry of Finance – both controlled by the NCP.
(ST)