“South
Sudan’s
oil
revenues
can
have
a
great
impact
on
development
in
this
young
country,”
commented
Minister
of
International
Development
Heikki
Eidsvoll
Holmas.
“These
revenues
must
therefore
be
managed
in
a
sound
and
transparent
way,
so
that
they
can
benefit
the
people,”
said
Holmas.
Thursday’s
deal
also
marks
the
first
formal
development
co-operation
agreement
between
South
Sudan
and
Norway.
Oslo
has
already
provided
South
Sudan
with
expertise
in
petroleum
management,
assistance
in
drawing
up
legislation,
training
of
oil
sector
employees
and
funding
for
petroleum
directorate
offices.
The
OfD
programme
offers
developing
countries
assistance
in
how
best
to
manage
their
resources,
revenues…
