Learn the details of an agreement between the South Sudan government and the Emirates to buy South Sudan oil in the ground !!
On the water side, the “HPK” company and by the South Sudan government, the Ministry of Finance and Planning.
An agreement between the South Sudan government and the United Arab Emirates to buy South Sudan oil “in the ground” in advance for $ 12 billion for 20 years at the price of 54 US dollars per barrel. compensates for the water side with additional oil shipments, and according to the agreement, the Emirati party will open a bank account in one of the water banks to pay the financial amounts of the South Sudan, and according to the contract, The South Government Sudan provides the team from the United Arab Emirates a sovereign guarantee of a nominal value of “12 billion” in dollars or equivalent in more euros for the interest rate of 2%, and the team Water stipulated the South Sudan government to support the sovereign guarantee provided by the South Sudan government with oil only and that the sovereign guarantee insurance comes from an international agency. And under an additional article in the contract, HBK will finance the construction of a pipeline and a refinery.
Journalist Ibrahim Peter Marcelo
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