Saudi Arabia agrees to supply Sudan with oil for five years

Khartoum, Sudan (PANA) - The Sudanese government has signed a draft agreement with Saudi Arabia under which the gulf country will supply Sudan with oil for five years at an annual rate of 1.8 million tons for a preferential price.

Quoting what it called a “Presidential source”, the Sudanese News Agency (SUNA) said the agreement would be finalized in the coming days after the completion of the financial aspects of the deal.

It further quoted the unnamed Presidential source as saying that the Sudanese Minister of Petroleum and Gas, Abdul Rahman Osman, the Minister of State for Finance, Abdul Rahman
Dhirar, and the Governor of Central Bank of Sudan, Hazim Abdul Gadir, paid a visit to Saudi Arabia in response to an invitation by the latter for discussion on petroleum cooperation between the two countries.

Sudanese main towns are currently witnessing acute fuel shortage with trucks and cars queuing for miles in some areas to get gasoline or benzene.

The government attributed the shortage to routine cleaning of the oil refinery outside Khartoum, which means it has to depend on bringing fuel direct from the red sea to the rest of the country.

The process occurs each year in the April-May period.

Sudan lost over 75% of its oil riches when South Sudan gained independence in 2011,
-0- PANA MO/VAO 8May2018

08 may 2018 13:10:02

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