News
South Sudan rivals commence peace talks in Ethiopia
“The talks are going on but we are here for consultations,” Kenyan Lieutenant-General Lazarus Sumbeiywo, one of the 3 IGAD envoys, told reporters on arrival in Juba.
The talks in Addis paused to await the return of the IGAD envoys, expected later on Tuesday, officials said.
China, the biggest investor in South Sudan’s oil industry through state-owned Chinese oil giants National Petroleum Corp (CNPC) and Sinopec, urged for the cessation of hostilities. Beijing is concerned by the unrest that had forced the government to cut oil production.
Sudan, which also has an economic interest in its southern neighbor’s oil output, said the Juba government discussed the deployment of a joint force to secure its oilfields during a visit by Sudanese President Omar al-Bashir on Monday.
The prospect of security cooperation between the 2 countries would represent an improvement in ties, after the civil war foes came close to conflict again in disputes over oil fees and the border in the early part of 2012.
All of landlocked South Sudan’s oil is piped through its northern neighbor, providing vital hard currency in transit fees for Khartoum.
South Sudan’s oil production fell by 45,000 barrels per day to 200,000 bpd after oilfields in its northern Unity state were shut down due to the conflict.
Oil major BP estimates that South Sudan holds sub-Saharan Africa’s third-largest reserves.
