Tuesday, April 24, 2012

South Sudan seeks Chinese funding for oil pipeline

April 22, 2012 (NAIROBI) – South Sudan intends to ask China to finance an alternative pipeline to export its oil, an official said on Sunday as prospects of resuming use of former transit route via neighboring Sudan have been terminated by renewed conflicts.

The request will be made during a five-day official visit South Sudan’s President Salva Kiir is due to start in Beijing as of Monday, according to Pagan Amum, the country’s lead negotiator and secretary-general of its ruling Sudan People’s Liberation Movement (SPLM).

In a statement to the Financial Times, Amum voiced optimism that China would respond to their request. Read More