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Sudan and S.Sudan renegotiating oil deal: reports

South Sudan's rebel leader Riek Machar (C) greets people as he arrives to hold a press conference in KampalaSudan and South Sudan’s oil ministers have agreed in principle a new oil pipeline deal, reports said Thursday, after slumps in global prices made Juba effectively pay to export crude. At a meeting in South Sudan’s capital Juba on Wednesday, the ministers agreed to tie the fee to oil prices, although exact details are yet to be settled. “We have discussed and agreed in principle to review the agreement,” Stephen Dhieu Dau said, South Sudan’s oil minister, according to the Sudan Tribune.

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