South Sudan oil revenues for March amounts to $44 million

May 5, 2007 (KHARTOUM) — The share of the Government of Southern Sudan from oil revenues for the month of March 2007 amounted to 44.53 million dollars out of the total revenues of oil of 129.74 million dollars, the state-run SUNA reported.

Undersecretary of the Ministry of Finance and National Economy Al-Sheikh Al-Mak pointed out following the regular meeting of the joint committee for sharing of oil revenues that the share of the Government of Southern Sudan from export revenues amounted to 15.92 million dollars while its share from crude used by the local refineries amounted to 28.61 million dollars.

Payments to the oil producing states for the same month totalled 3.98 million dollars at a payment rate of 150%, compared to their dues which amounted to 2.65 million dollars.

The Undersecretary of the Ministry of Finance of the Government of Southern Sudan, on his part, described the meeting of the committee as fruitful and constructive, lauding the accurate technical details included in the reports of performance discussed during the meeting, SUNA said.

(ST)