4 October 2020
Last update on Sunday, October 4, 2020 At 8:30 AM
Since the renewal of the oil agreement signed in 2012 between the two Sudans, discussions have been underway to strengthen efforts in the development of their respective oil sector. Technical and financial issues were thus discussed in Khartoum.
On September 23, the South Sudanese petroleum minister visited Khartoum, Sudan, to discuss ways to strengthen technical cooperation in the petroleum sector.
Khairi Abdel-Rahman, Acting Minister of Energy and Mines of Sudan welcomed the visit, saying the country is ready to provide all necessary technical support to South Sudan. As a result, the delivery of equipment intended for the South Sudanese oil fields via the seaport of Port Sudan and the exchange of expertise will be facilitated, thanks to the joint work of technical teams.
In addition, he said the collaboration will increase oil production, supervise the flow of field equipment and resume activities on Block 5A.
Note that financial provisions have also been set out with a view to reaching a compromise for the satisfaction of common interests.
South Sudan is estimated to have the third largest crude reserve in sub-Saharan Africa with production of around 170,000 barrels per day while that of Sudan is estimated at just over 63,000 barrels per day.
Source Ecofin Agency
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