InfoAnda - Exclusive: South Sudan says can live off credit if north blocks |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Bombs near Baghdad mosques kill 26 | 1 August 2009
Golden Globes to launch Hollywood awards season | 14 January 2011
Man's cheesehead hat signed by Obama at speech | 5 November 2009

Rampaging elephants kill farmer in Indonesia | 5 September 2009

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: South Sudan says can live off credit if north blocks |

Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read State and local governments bleeding jobs | 08 Jul 2011 Casey Anthony refuses jail visit from her mother 08 Jul 2011 William and Kate talk tech on arrival to California | 08 Jul 2011 New "win a baby" game draws fire 07 Jul 2011 Internet providers to act against online pirates 07 Jul 2011 Discussed 136 Obama: ending tax breaks required to cut deficit 100 Jury resumes deliberations in Casey Anthony murder trial 87 Asia pollution blamed for halt in warming: study Watched Prince William and Kate Middleton arrive in LA Fri, Jul 8 2011 A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Jobs put brakes on Wall Street gains Fri, Jul 8 2011 Exclusive: South Sudan says can live off credit if north blocks Tweet Share this Email Print Related News South Sudanese dance to celebrate independence Fri, Jul 8 2011 South Sudan capital sweeps up, cracks down before split Thu, Jul 7 2011 Oil flat, buffeted by demand worry as volume ebbs Wed, Jul 6 2011 Sudan seen massing troops in oil state, U.N. staff blocked Wed, Jul 6 2011 Exxon oil spill on Yellowstone River disrupts farms Wed, Jul 6 2011 Analysis & Opinion As Vatican readies to recognise South Sudan, a look back at tense 1993 papal visit Cold War flashbacks as Americans rebuild Soviet tunnel in Afghanistan Related Topics World » People take part in South Sudan's independence day celebrations along the streets of Juba July 9, 2011. Credit: Reuters/Thomas Mukoya By Alexander Dziadosz JUBA, Sudan | Fri Jul 8, 2011 7:33pm EDT JUBA, Sudan (Reuters) - South Sudan can survive on credit, using its oil as collateral, if the north goes ahead with its threat to block pipelines after the south secedes on Saturday or if war between them breaks out again, officials told Reuters. Such economic independence may give the new state an edge in tortured negotiations over oil rights with its old civil war foe which has received 50 percent of the revenues from southern oil for six years and which wants pipeline fees after secession. "In case the south is forced not to export its own oil through the existing pipeline infrastructure through the north, we will use our resources to continue to live ... The south can still survive without a problem," the south's Director General of Energy Arkangelo Okwang told Reuters. "If we are forced not to export our crude, we will definitely use some of our (oil) blocks to ensure we have roots," he said, roots meaning money for the government. The south produces about three quarters of Sudan's roughly 500,000 barrels of oil output and depends on oil for 98 percent of its revenue. The south funnels its oil through northern pipelines to Sudan's only commercial port on the Red Sea coast. Diplomats and southern officials have said it is unlikely the north's President Omar Hassan al-Bashir will shut down those pipelines as the country is so dependent on oil revenues and which already faces debts of about $38 billion. The south is due to split away at midnight tonight local time (5 p.m. EDT), a separation it won in a 2005 peace deal that ended decades of civil war with the north. The territories are yet to agree on how they will handle oil revenues and payments, among other disputes -- a situation that has unnerved diplomats who fear a return to war. The conflict fought over ideology, ethnicity, resources and religion killed an estimated 2 million people and left a legacy of deep mistrust between the two sides. OFFERS OF CREDIT Senior officials told Reuters a number of institutions had approached the south offering it credit in exchange for oil. "A resource is a resource, and we have the resources. We have the petroleum resources... They are there. They are like financial guarantors for a country like south Sudan," Okwang said. Such deals would allow the south the time to build a link southwards to an existing pipeline through Kenya, bypassing north Sudan altogether. [ID:nLDE7661N3] One Western diplomat said he knew that "there have been approaches" from parties to set up agreements that would allow the south to use future oil sales as collateral if the exports were shut down but did not name the groups. "We are a sovereign state. We will borrow money. We have oil in the ground. We have a lot of friends who are prepared to offer us money," Information Minister Barnaba Marial Benjamin told Reuters. Southern officials say they would be willing to pay a transit fee to use the north's pipeline, but insist that they will stop "sharing" oil revenues from the moment they secede. They have also said accepting credit offers would be a last resort, a contingency plan, if the north shuts its pipeline. Asked what fee might be acceptable, Okwang declined to name a specific limit but said it must fall within international standards, as with other landlocked countries like Chad that must export oil through their neighbours. "We need to stick to international standards, so we are not abnormally treated," Okwang said. South Sudan has talked to Toyota Kenya about the possibility of linking to a proposed regional oil corridor to help export crude from fields far from the north, a southern energy official said on Thursday. (Editing by Louise Ireland and Andrew Heavens) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 9 July 2011
Graeme McDowell grabs share of Scottish Open lead with course record 64
Turkey insists on apology to normalize Israel ties |
Hits keep coming for Ohio State football: Buckeyes vacate wins from 2010
Riding another hot streak, Rangers' Michael Young reaches another milestone
LMFAO earn first-ever #1 on the Billboard Hot 100 with "Party Rock Anthem"
Africa drought endangers 500,000 children: U.N. |
Atlantis lifts off on final space mission
Italy PM, finance chief meet, markets wary |
Former News of the World editor arrested in phone hacking, corruption investigation
Top Kremlin aide says Putin is God's gift to Russia |
Al Shabaab: Arab nations failing to aid Somalia in devastating drought
UK bank giant Santander finds there's no place like home for call center
WikiLeaks partner loses Visa, MasterCard loophole |
U.S. Internet providers to act against online pirates |
Space shuttle leaves Earth on final flight |
Games publisher Zynga buys Canadian mobile apps co |
At chipmaker trial, investors play Rambus roulette |
Oprah Winfrey a top choice to host Oscars: report |
Young stars struggle with life after Harry Potter |
Independent South Sudan free at last, tensions remain |
Hundreds arrested in protest against Malaysian PM |
A more experienced Canadian pair returns from World Tour beach volleyball
Gunmen kill at least 20 in Mexican bar
U.N. chief urges transparent elections in Egypt |
Exclusive: South Sudan says can live off credit if north blocks |
Several top paddlers, including Korea’s Lee Jung Woo, expected at Ho Chi Minh event
War and drought compounding Somalia exodus |
Travis Snider drives in five as Blue Jays hold off Indians
Obama juggling options on budget negotiations
U.S. and French envoys in Hama, 13 killed in Syria |
Running back Caleb King declared ineligible by Georgia football program
Brad Keselowski wins Kentucky Nationwide race
Former Giants wideout Plaxico Burress eying a number of teams
Rain washes out Cup qualifying at Kentucky
Stacy Lewis stays in front as rain plays havoc with women's U.S. Open
Russ Cochran leads First Tee Open after birdie run at Pebble Beach
Space shuttle leaves Earth on final flight |
Fire near stage cuts short Rihanna concert in Texas |
Murdoch hosts film screening amid hacking scandal |
Murdoch flies to London to tackle phone-hack crisis |
Horrible Bosses director vents on unemployment |
Japan's Kan says nuclear clean-up could take decades |
Afghan agent kills NATO soldier and civilian in Panjshir |
Iraq blocs to take two more weeks on U.S. troop issue |
Rebels brace for attacks as Gaddafi threatens Europe |
Israel to deport some 120 pro-Palestinian activists |
Egypt says no Gulf pressure to halt Mubarak trial |
Saudi arrests hardline cleric al-Ahmed: activists |
Wet confusion: I.K. Kim emerges as second round leader at women's U.S. Open
Turkey hopes for Cyprus referendum in early 2012 |
UN official: 100 children die in Somalia daily
Dodgers dismiss Steve Garvey from front office post
Tour De France ends early once again for Dutch rider Tom Boonen
Chez Reavie surges to lead at John Deere Classic with 9-under 62
NCAA puts West Virginia on two years probation for football violations
Jose Paolo Guerrero shines again in Peru's win over Mexico
Why Black Women, Infants Lag In Birth Outcomes
Horrible Bosses director vents on unemployment |
Argentine singer Facundo Cabral killed in Guatemala |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01