EU WELCOMES SOUTH SUDAN, SUDAN OIL AGREEMENT

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The High Representative of the European Union for Foreign Affairs and Security Policy has welcomed oil revenue agreement between South Sudan and Sudan.

Catherine Ashton issued a statement on Friday saying the agreement would contribute to the economic viability of both countries and the welfare of their people.

She commended both Governments for the spirit of compromise that made the agreement possible.

Ms Ashton said she hoped that the agreement would be extended to other outstanding issues, including borders, Abyei and security arrangements.

She urged South Sudan and Sudan to build on this progress so that a comprehensive agreement can be reached at the forthcoming Presidential Summit

She also congratulated the African Union High Level Implementation Panel, led by President Thabo Mbeki, for its efforts in bringing about the oil deal.