South Sudanese Delegation to Visit Khartoum for Oil Discussions
June 20, 2018 (KHARTOUM) - Sudan’s Ministry of Oil and Gas on Wednesday said a delegation from South Sudan would arrive in Khartoum at the end of this month to discuss ways to scale up oil production.
Sudan’s State Minister of Oil and Gas Saad al-Din Al-Bushra told the semi-official Sudan Media Center (SMC) that the visit comes in implementation of bilateral agreements to increase production of South Sudan’s oil fields.
Earlier this month, a Sudanese delegation visited Juba to discuss economic issues between the two countries. During the visit, Sudan and South Sudan ministers of petroleum discussed oil cooperation and resumption of production in South Sudan’s oil fields.
Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011, denying the north billions of dollars in revenues. Oil revenue constituted more than half of Sudan’s revenue and 90% of its exports.
Sudan currently produces 72,000 barrels of oil per day (bpd). The country’s production is stationed mainly in the Heglig area and its surroundings, as well as western Kordofan.
Chinese companies control 75 per cent of foreign investment in Sudan’s oil sector.
(ST)
Sudan’s State Minister of Oil and Gas Saad al-Din Al-Bushra told the semi-official Sudan Media Center (SMC) that the visit comes in implementation of bilateral agreements to increase production of South Sudan’s oil fields.
Earlier this month, a Sudanese delegation visited Juba to discuss economic issues between the two countries. During the visit, Sudan and South Sudan ministers of petroleum discussed oil cooperation and resumption of production in South Sudan’s oil fields.
Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011, denying the north billions of dollars in revenues. Oil revenue constituted more than half of Sudan’s revenue and 90% of its exports.
Sudan currently produces 72,000 barrels of oil per day (bpd). The country’s production is stationed mainly in the Heglig area and its surroundings, as well as western Kordofan.
Chinese companies control 75 per cent of foreign investment in Sudan’s oil sector.
(ST)
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