Thursday, June 7, 2012

Sudan 1937 = Sudan 2012

Hergé’s caricatured arms dealer in The Broken Ear (1937) offers oil-hungry powers an unfortunate blueprint for influence building in the two Sudans. Credit: thinmanSouth Sudanese President Salva Kiir this week addressed a letterto dozens of “former and current senior government officials” pleading with them to return an estimated US$4b in “missing” government funds. The Globe and Mail reports that the US$4b reportedly stolen would add up to approximately 2 years’ worth of oil revenues for the country, which upon seceding from Sudan took about 75% of Khartoum’s oil reserves with it (amounting to some $5b worth of annual income, according to the Petroleum Economist trade publication). Some US$60m has reportedly been recovered, but continued mismanagement, graft and badly bid contracts (most notably, for food imports) means that additional funds still remain unaccounted for and may be unrecoverable.[1] Despite the emotional plea from Kiir, in an unencouraging sign for transparency in South Sudan this past April, the ruling Sudan People’s Liberation Movement (SPLM) Party that Kiir leads “voted against a bill seeking to make contracts and information about the young country’s oil industry more transparent by making it available to the public.”

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