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NewsMine war-on-terror mideast-misc sudan-genocide Viewing Item | Former rebels seek to develop south sudans oil resources { April 20 2005 } Original Source Link: (May no longer be active) http://news.ft.com/cms/s/fbbf5aae-b1c2-11d9-8c61-00000e2511c8.htmlhttp://news.ft.com/cms/s/fbbf5aae-b1c2-11d9-8c61-00000e2511c8.html
Former rebels seek to develop south Sudan's oil resources By Rebecca Bream, James Boxell and Andrew England Published: April 20 2005 19:07 | Last updated: April 20 2005 19:07
Costello Garang Ring Lual, minister of international co-operation and development in the former rebel group running southern Sudan, has been busy making plans to develop the region's oil and mining industries since before the end of the long-running civil war with the north this year.
This might concern the northern government in Khartoum, which claims it is not within his gift to award licences in the south.
But in an interview with the Financial Times, Mr Garang said: "If we recognised [agreements made by] the government in the north, we wouldn't have been fighting them for more than 20 years."
He said the former rebels were talking to several international companies but would not rush into deals. "If you see the development of oil industries in the third world, I can't think of a country that has got rich from its oil," Mr Garang said.
Instead of striking a deal with one of the world's biggest listed oil companies, the Sudanese People's Liberation Movement (SPLM) - soon to form the regional administration under a power-sharing agreement with the Islamic government in Khartoum - has struck a disputed agreement with White Nile, a tiny company listed on London's Aim market.
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