South Sudan share in oil revenues stands at $73.5 mln for Oct 06

Dec 10, 2006 (KHARTOUM) — Southern Sudan Government share in oil revenues for the month of October 2006 stands at 73. 5 million US dollars including 43.2 million US dollars in oil export revenues and 30.3 million US dollars from local sale of petroleum products while the current expenditure for the same month stands at 5.45 million dollars.

Therefore making the total sum transferred to the government of Southern Sudan 51.96 million US dollars, at the beginning of the month of November, the Undersecretary at the Ministry of Finance and National Economy, Sheikh Al Makk, told the official SUNA.

The Sudanese official said withdrawal from the stabilization price account for the month of October reached a sum of 120 million US dollars to cover for the loss in the oil production.
Out of that some 42 million US dollars were transferred to the government of southern Sudan and 78 million US dollars for the Government of National Unity; while additional 40.4 million US Dollars have been withdrawn and spent on the issuance of the new national currency.

Member of the commission and representative of the SPLM in the commission, Yusuf Ramadan, reviewed the share of the states producer of oil saying the share of he State of Unity stands at 2.97 million us dollars for the month of October whereas the share of south Kordufan stands at 1.41 million dollars against 0.03 million dollars for the same month, thus the overall share of the states producers of oil stands at 4.41 million dollars.

Experts from the SPLM and the Ministry of Finance and National Economy, the Ministry of Energy and Mining are all members of the commission which holds its meetings regularly every month to follow up production, prices, export and shares distribution.

(ST)