Sudan in talks with Saudi Arabia on five-year oil aid agreement


Sudan in talks with Saudi Arabia on five-year oil aid agreement

Saudi Arabia would supply Sudan’s energy needs for five years on credit under an agreement being discussed by both governments, Sudan Oil Minister Abdulrahman Othman said on Monday.

Othman said the deal would provide about 1.8 million tonnes of oil a year to Sudan, which in recent months has been hit by a sharp foreign currency crisis and an acute fuel shortage that has forced people to queue at gas stations for hours.

Once an oil exporter, Sudan was forced to begin importing it after the south seceded in 2011, taking with it three-quarters of the country’s oil output and its main source of foreign currency. Read More

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