Sudan eyes foreign oil investment

Sudan eyes foreign oil investment

Sudan is desperate to woo new investors to develop its stagnant oil sector, but economic sanctions imposed in 1997 by the US, political instability and the ongoing conflict in neighboring South Sudan continue to deter western companies.

Since late 2014 a stream of investors from countries as diverse as Austria, Nigeria, Russia, Brunei, Belarus, South Africa and the UAE have been to the Sudanese capital Khartoum to seek investment opportunities in the oil industry.

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Source: Platts

Oil and Gas Press