South Sudan Claims Sudan Seized Oil Worth $815m

South Sudan President Salva Kiir accused Sudan on Monday of seizing $815m worth of its crude oil in a row over how to share oil revenues between the former civil war foes.

REUTERS reported that South Sudan seceded last July under a 2005 peace deal that ended decades of civil war between the north and south, but the two countries are locked in a row over sharing oil revenues.

The new landlocked nation needs to use a northern pipeline and the port of Port Sudan to export the crude, but has failed to reach an agreement with Khartoum over a transit fee, prompting Sudan to seize part of its oil as compensation.

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