South Sudan is considering the possibility to continue to share its oil revenue with Khartoum for a limited period after the independence for reasons of economic viability and unity of the north.
GoSS Minister for Presidential Affairs, Luka Biong, told the London based Financial Times newspaper that the division of oil revenue will continue with the north due to concerns with economic viability and the unity of the north.Dr, Biong said that for the time being oil can be used for a soft landing and making economic stability and co-operating with the north.
However, he added that in the long run, this may not be viable.
Dr. Biong noted that it is in the interest of the south not to see the northern economy collapsing.
The Financial Times says that Sudan produces 500,000 barrels of oil a day.
It added that since 2005 GoSS has earned 8 billion US dollars from oil revenue, over 21 billion Sudanese pounds, while Khartoum got 13 billion dollars, something like 35 billion pounds.
This means that Khartoum got 5 billion dollars from the fields in the north while the South produced 16 billion dollars.