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South Sudan conflict could cripple oil industry for decades

The fighting beween the two Sudans has caused much loss of life and yet both sides could cause untold damage to their long-term economic future

The thousands of deaths reported in South Sudan’s current conflict may not be enough to motivate opposing sides to reach a ceasefire agreement at peace talks currently under way in the Ethiopian capital, Addis Ababa. But severe damage to the young country’s oil industry from a possible drawn-out civil war, and the loss of billions of dollars in future revenues, may get their attention. If the fighting continues, the opportunity for Sudan’s political elite to use oil as a tool for development, or for more unscrupulous practices of personal enrichment, may cease to exist. First, it is important to note that oil was not the cause of the fighting in South Sudan. The conflict grew out of a power

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