Under an agreement inked in Addis Ababa on 12 March, South Sudan has agreed to resume oil production, ending a bitter deadlock over border and security issues that had threatened to send both countries back to war.
Landlocked South Sudan shut down its 350,000 barrel-per-day crude output in January last year over a dispute on how much it should pay to pump its oil through Sudanese pipelines to the Red Sea.
The closure had a devastating effect on the economies of both countries, which are heavily dependent on oil revenues, and worsened ongoing disagreements over territory and other issues left unresolved between the two countries following South Sudan's secession in July 2011.
Bashir conceded that Sudan's "enemies" continued to target it through South Sudan, adding that any positive developments in relations between the two countries was likely to lead to increased foreign meddling in their national affairs.
"However, we bet on our relationship with our brothers in South Sudan because they know well that their interests are connected to ours. We aren't only talking about exporting the Southern oil, although it is the only source of income for our brothers in South Sudan as they don't have any other tapped resources to substitute for it", he said.
"We also refer to the old and continuing relations, be it demographic, cultural, economic, or trade relations because we were once one country for a hundred years", he added.
Bashir dismissed alternative route options through Kenya and Ethiopia which had been flagged during the long-running stalemate, saying Sudan remained the only economically feasible option to pump South Sudan's oil for export.