The deal signed Thursday between Juba and Khartoum in Addis Ababa gives the green light for South Sudan to resume crude sales and overturn austerity measures that are choking the economy.
South Sudan Chief negotiator, Pagan Amum, told the press on Friday at Juba International Airport that the oil agreement allows the country to resume crude production and export through Sudan’s infrastructure.He said the agreement will last for three and half years.
Mr Amum said the two sides agreed to establish a 20-kilometre demilitarized corridor between the two countries to be monitored by the UN peacekeepers in Abyei.
The Chief negotiator disclosed that South Sudan will get over 100 million US Dollars from disputed oil money held in the court in London and crude in a tank still in high seas.
He added that the two petroleum ministers have already started the process to transfer the money to South Sudan’s coffers.
Mr Amum said South Sudan and Sudan agreed to forgive claims against one another and topen border corridors to resume trade.
President Salva Kiir and the negotiating team were received at Juba International Airport by the Speaker of the National Legislative Assembly, James Wani Igga, a number of ministers, SPLM officials, business people from both countries and two traditional dance groups.