South Sudan and Sudan have signed a trade corporation agreement to allow border trade between the two countries.
The deal signed in Khartoum on Wednesday, officially opens border crossings and allows South Sudan to continue exporting crude oil through Sudan’s export pipeline according to the prices agreed.
Juba pays $24 per barrel to export its crude through Sudan’s pipeline including $9 transit fees and $15 transitional financial arrangement according to the agreement signed between the two countries in September 2012.
South Sudan’s Petroleum minister Ezekiel Lol Gatkuoth stressed the need to restart production in non-operational fields and increase production in already operating areas.
Addressing journalists in Khartoum, minister Gatkuoth said the deal also guarantees the protection of oil workers.
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