The government of South Sudan repaid $232 million since June this year using revenues from crude oil sales, according to information released yesterday by the Ministry of Petroleum, Mining and Industry.

While no details were given as to the identity of the creditors, the loans were presumably incurred since independence during the oil shutdown.

The figure of $232 million represents about 17% of gross proceeds of oil sales from June to October, which were about $1.3 billion.

Another quarter of the sales revenues are payable to the Republic of Sudan for tariffs and fees under the Transitional Financial Arrangement.

October sales figures, meanwhile, were nearly $100 million higher than last month, reaching $371 million for 3,200 million barrels of Dar Blend and 600 million barrels of Nile Blend.

This puts the crude oil sales for this month nearly on par with August sales. 

Photo: Oil Minister Stephen Dhieu Dau (Radio Tamazuj)