South Sudan's rebel leader Riek Machar (C) greets people as he arrives to hold a press conference in Kampala on January 26, 2016. / AFP / ISAAC KASAMANI
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Sudan and South Sudan's oil ministers have agreed in principle a new oil pipeline deal, reports said Thursday, after slumps in global prices made Juba effectively pay to export crude.With global prices so low, the fee was more than it earned for the oil itself, meaning impoverished and war-torn South Sudan lost money on every barrel it sold.At a meeting in South Sudan's capital Juba Wednesday, the ministers agreed to tie the fee to oil prices, although exact details are yet to be settled.South Sudan is estimated to produce around 150,000 barrels a day -- down from 350,000 at independence in 2011 -- after many oil fields ceased operating during the more than two years of civil war between President Salva Kiir and rebel leader Riek Machar.
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