Sudan oil revenue drops slightly in May
July 7, 2009 (KHARTOUM) — Sudan’s oil revenue decreased by 7% from April despite improvement in crude prices worldwide over the last month.
The Undersecretary of the Ministry of Finance and National Economy, Al-Tayib Mustafa was quoted by Sudan official news agency (SUNA) as saying that total oil revenue for May was $147.83 million compared to $158.76 in April.
Mustafa said that the share of the Government of Southern Sudan (GoSS) in oil revenues increased in May to $63.43 million from $51.60 million in April saying this is the highest figure for the semi-autonomous government this year.
The share of GoSS for locally used oil was $28.01 million compared to $30.59 million in April.
He further stated that the shares of the oil producing states of Unity, the Upper Nile and South Kordofan were $1.0 million, $3.6 million and $6.4 million dollars respectively. The share of Abyei area in the oil revenues for May was $664,000.
The sharp drop in oil prices this year has impacted the budgets of North and South Sudan alike though the latter is far more dependent on oil proceeds.
(ST)
Sala Gai
Sudan oil revenue drops slightly in May
GO AHEAD WITH YOUR STUDIDITY KHARTOUM GOVERNMENT
Please Khartoum Government you never tell the true until we will separate from you.
Long leave the image of the fighter
long leave SPLM
Sala Gai
Sudan oil revenue drops slightly in May
GO AHEAD WITH YOUR STUPIDITY KHARTOUM GOVERNMENT
Please Khartoum Government you never tell the true until we will separate from you.
Long leave the image of the fighter
long leave SPLM