South Sudan said Monday it was renegotiating an oil deal with Khartoum, as it will not meet a December deadline to finish paying $3 billion (2.7 billion euros) agreed as compensation for the oil-rich nation’s 2011 secession. South Sudan and Sudan in 2012 signed a deal in which Juba would pay the amount after it voted for independence, taking with it 70 percent of the oil fields Khartoum used to manage. Petroleum Minister Awou Daniel Chuang told journalists that the cash-strapped nation had paid $2.4 billion so far, but would not manage to pay the remaining $600 million by December.
