Hold on to your hats

Tuesday, 24th January 2012 - 17:46
So Juba has decided to stop oil production in South Sudan, in protest of Khartoum theft. Pre-independence, revenues from the South were split 50:50, and Khartoum have basically been trying to continue that by imposing arbitrary fees, asking for up to $30 per barrel (Juba claims that normal prices for pipeline transit fees in other countries are around $1 per barrel).

So now we have a war of attrition. Which side can afford to last out the longest before making a compromise? Who has the largest cash reserves relative to their recurrent spending demands? (...)

Read the original article...

  • Print
  • email
  • PDF
  • Facebook
  • Twitter
  • LinkedIn
  • del.icio.us
  • Google Bookmarks
  • Diigo
  • FriendFeed
  • Reddit
  • Digg


Stay updated

   

Daily updates via Email: