Thursday, January 26, 2012

South Sudan in Kenyan oil pipeline deal

South Sudan has agreed a deal with Kenya to build an oil pipeline, potentially reducing its dependence on its northern neighbour Sudan. It will link its oil fields to Kenya's Lamu port and should be ready in a year, a South Sudan minister said. Industry analysts say such a pipeline would usually take at least three years to build and cost up to $4bn (£2.6bn).  Read more: BBC News


A map showing South Sudan and Sudan's oil fields


Kenya, South Sudan sign oil pipeline deal
Kenya and South Sudan have signed an agreement for the construction of an oil pipeline connecting the two countries.

The agreement, signed in Juba on Tuesday and witnessed by Prime Minister Raila Odinga and the President of South Sudan Mr Salva Kiir, will allow the development of an oil pipeline and fibre optic connections between the oil fields in South Sudan and the Kenyan port town of Lamu.

The pipeline will be developed through Kenyan territory and will be built and owned by South Sudan.
Read more: Daily Nation January 25  2012

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