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Sudan: Oil

Volume 462: debated on Wednesday 4 July 2007

To ask the Secretary of State for Foreign and Commonwealth Affairs whether the Government intend to work with their counterparts in the UN to introduce a Darfur oil trust fund. (147441)

We welcome the proposal from the Aegis Trust for an oil trust fund. This could be an option for consideration in the future to put further pressure on the Government of Sudan to meet its commitments on Darfur. As with other measures, we need to carefully consider its impact on the economy and poverty reduction in the whole of Sudan, and on the implementation of the Comprehensive Peace Agreement (CPA), agreed between North and South Sudan in 2005. Oil revenues are key to delivering the CPA’s peace dividend across Sudan. The UK’s policy remains focused on smart and targeted multilateral sanctions.