S. Sudan in talks with Khartoum over new oil fees, says official ...Sudan

Local News by : (sudantribune) -
July 21, 2022 (JUBA) – South Sudan in currently in talks with Sudan over new oil fees after completing payment of $3.03 billion to its northern neighbour under the Transitional Financial Arrangement (TFA), an official disclosed. The TFA was part of the Agreement on Oil and Related Economic Matters (AOREM) signed between the two countries following South Sudan’s independence. The agreement was signed on September 27, 2012 between the governments Juba and Khartoum, setting out the terms governing the transit, transportation and processing of oil originating from South Sudan. “The payment for Transitional Financial Arrangement package to Sudan has been completed a long time ago. This is the com

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