An economic expert says South Sudan is getting ‘nothing’ from the oil proceeds.

This statement comes amid the drop of crude oil price.

On Sunday, the price of crude oil fell below $30 per barrel in the world market, the lowest since 2003.

Brent crude, used as an international benchmark, dropped to about $28 per barrel, before recovering slightly to trade at $29.

South Sudan relies on oil to meet up to 80% of its budgetary obligations.

But it pays about $24 from the sale of each barrel of crude to Sudan to cover for financial arrangements after the independence of South Sudan.

South Sudan produces 160,000 barrels per day. According to officials, South Sudan oil sells at below $30 due to its quality.

Dr Lual A Deng, Former Minister of Petroleum and Managing Director for the Ebony Centre, speaks with Mabior: