S. Sudan says Sudan seized oil worth $815 million

January 23, 2012 13:12

JUBA - South Sudan President Salva Kiir accused Sudan on Monday of seizing $815 million worth of its crude oil in a row over how to share oil revenues between the former civil war foes.

South Sudan seceded last July under a 2005 peace deal that ended decades of civil war between north and south, but the two countries are locked in a row over sharing oil revenues.

The new landlocked nation needs to use a northern pipeline and the port of Port Sudan to export the crude but has failed to reach an agreement with Khartoum over a transit fee, prompting Sudan to seize part of its oil as compensation.

Juba said last week it was preparing to shut down its oil output, which officials had said was 350,000 barrels a day.

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