South Sudan Signs Oil Deals with Israeli Companies

From Press TV

According to a statement issued by the ministry on January 18, the oil-rich East African state signed the deals with the companies to export oil to Israel.

No other details have been given regarding the agreements which were reached during Dau’s visit to Israel last week.

The announcement comes months after Israel signed a pact to cooperate on water infrastructure and technology development with South Sudan, the first economic cooperation agreement between Tel Aviv and Juba.

The deal between South Sudan and Israel Military Industries Ltd. (IMI) was signed in July 2012, during a ceremony at the Israeli parliament.

South Sudan gained independence from Sudan in July 2011 as part of a 2005 peace treaty, which ended decades of war between the two countries.

The new oil-rich nation is one of the least developed countries in the world, with one in seven children dying before the age of five.

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