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Sudan to open energy sector to investment

Sudan to open energy sector to investment
A view of central Khartoum. Sudan wants to attract outside investment in the energy sector.
Updated 26 April 2018

Sudan to open energy sector to investment

Sudan to open energy sector to investment

The Sudanese government said that a number of oil and gas fields would become available for global investment at the end of May, amid interest shown by a delegation of US companies to invest in Sudan’s energy sector.

A fuel crisis in the country has been blamed on a hard currency shortage which has hit imports.

The government is seeking to resolve the fuel crisis, said Abdul Rahman Dirar, Minister of State at the Ministry of Finance and Economic Planning, in a statement. He added that five tankers carrying petroleum products have already arrived in the country, Asharq Al-Awsat reported.

In a meeting that was attended by the US delegation in the energy sector and Oil Minister Abdul Rahman Osman, the Norwegiean- American company TGS said it wanted to explore oil and gas in Sudan’s territorial waters and beyond on the Red Sea coast.

The country’s oil minister directed the ministry's department of oil exploration and production, and Sudapet, a state- owned oil company, to cooperate with the visiting US delegation and to discuss opportunities for investment in the country.