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Oil proceeds: South Sudan makes almost $1 billion in 4 months

Author : | Published: Friday, September 6, 2013

South Sudan has made almost one billion dollars since oil production was resumed in May, the Ministry of Petroleum has said.

Almost one quarter of that was paid to Sudan in transport and processing fees.

The exact income for the sale of almost 10 million barrels of oil, sold since May, is 969 million US dollars.

In a statement released last night, the Ministry said that after Sudan’s fees have been paid, South Sudan is left with seven hundred and thirty one million US dollars.

South Sudan is currently producing 180,000 barrels of oil per day.

The petroleum ministry spokesperson Nicodemus Ajak Bior said it had started preparing to increase production first to 250,000 barrels per day by the end of the year.

He said that technical teams are currently meeting and planning to increase oil production, starting within the next two weeks.

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