Even after ratifying an engagement to end their border hostilities which had become a clout in the eye for the lush oil wealth of the territory, Sudan and South Sudan have apparently reneged on their post-September-2012 ceasefire agreement, with analysts saying oil worth billions is now under the trap of not seeing the light of the day.
The Sudanese government said in Khartoum yesterday that the newly independent neighbor to the south has perpetuated its rebel proliferation of the borderline that the two countries contest, thus effectively putting a cap on the resource flowing en-route to Port Sudan.
“All of us are fed up with the negotiations.” This is from Ali Abdullah Ali, an economic professional from Sudan, on the fringes of the newest crisis meeting that happened on February 14.
According to the terms of the agreement, the north would have been netting between a billion and a billion and a half dollars, per year, to facilitate the transition of the oil resource through its borders had this gone ahead as per the original plan.
The Voice of America reported, February 9 that the borderline had already witnessed fresh insurgency that had by then claimed 24 lives, with information about the casualties coming from the South Sudan side.
News analysts are saying that this has been the nearest mark to full-scale war since the 2011 date of the South’s emancipation from the larger Sudan.
The political border enjoys vague demarcation, which in its current state would award a three-quarter possession mandate of the entire petroleum wealth of the Sudans to the south. It is this economical reason, among other political crossroads, that has seen both sovereign states at loggerheads since the 1980s when the Sudanese People’s Liberation Army, under the late John Garang began its pressing for independence. South Sudan considers its oil deposits as 98% of its total Gross Domestic Product.
If there is no immediate breakthrough to the fresh counter-accusations by both sides, the economic stakes of the new state would deteriorate further. In late December of 2012, South Sudan suffered a slump in its forex bureau, a situation that saw many business monopolies from East African countries, including Kenya, suspend their operations there for lack of US dollars for exchange.
There is still time for South Sudan to pull its act together and amass the billion-dollar revenue that it would glean from the exhaustive tapping of its oil resources. The Addis Ababa concession that recently saw temporary reprieve in hostilities, had keyed in, among others, the need to immediately reopen pipelines through the north and demilitarize the borderline.