A member of the Sudanese national assembly has reported that the Sudanese government expects an amendment in the next parliamentary session to its 2013 Sudanese national budget in order to allow for $1.7 billion in annual oil revenue from South Sudan.  The revenue is expected to pay for the export of South Sudan’s oil through northern pipelines to Port Sudan.

Officials in the ministry of finance were urged to make the necessary preparations in order that the changes could be formally approved by parliament and the 2013 national annual budget could be amended.

A member of the economic cluster of Sudan’s national assembly, Al-Sheikh al-Mak claimed that the revenue provided by the recent agreement will increase the wages of public staff in Sudan while some will also be used to reduce the budget deficit or on some of the country’s other needs.

Last September’s agreement in Addis Ababa stipulates the specific oil processing and transit fees per barrel as ranging between $9- $11. 

South Sudan will supplement this annual transfer, according to the agreement, with a payment of $3.028 billion over the next three years as part of a ‘transitional financial arrangement.’

Orders were given last week to resume oil production following South Sudan’s shut-down of drilling activities early last year.