Resumption of Oil Production in the territory of RSS Sample Clauses

Resumption of Oil Production in the territory of RSS a. The RSS undertakes that it shall, within fourteen (14) days of the date of the signing of the AFRC, issue an instruction to the Foreign Oil Companies and Pipeline Operators (see entities listed in the Appendix to Annex C), to recommence and re-establish the production of crude oil in the territory of the RSS. b. In each case South Sudan shall instruct the companies and operators to recommence and re-establish the production acting as reasonable and prudent operators, having regard to the best practices of the international oil industry, including with respect to the protection of the environment and the interests of local communities, and the laws and regulations of the RSS. c. The recommencement and reestablishment shall be conducted under and subject to the terms of this Agreement on Friendly Relations & Cooperation and the agreement attached hereto as Annex C among the RSS, Sudan, and Foreign OIl Companies and Pipeline Operators, and without prejudice to any right of RSS from time to time in the future to suspend or terminate (or cause, order or direct the suspension or termination) in whole or in part of the production of crude oil in the RSS for breach by the Government of Sudan of the AFRC or breach by the GoS and any party to the annexed agreement, or as otherwise contemplated or permitted by the terms of any agreement to which RSS is a party. CHAPTER IX: SUDAN'S FINANCIAL GAP & SOUTH SUDAN's DEVELOPMENT CHALLENGES a. The Parties recognize the development challenges of South Sudan. b. The Parties further recognize the specific financial difficulties that the Republic of Sudan faces which were created in part by the loss of oil wealth resulting from the secession. The Parties agree that this can be mitigated by applying the 1/3 principle as follows: i. 1 3 shall be contributed by Budgetary Measure enacted by Sudan, ii. 1 3 through a Direct Financial Contribution from the Government of South Sudan, and
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