Home | News    Tuesday 8 May 2018

Saudi Arabia will supply oil to Sudan at preferential price

separation
increase
decrease
separation
separation

Drivers queue up in their vans for fuel at a gas station in the Sudanese capital Khartoum on December 21, 2013 (Photo AFP /Ashraf Shazly)
May 7, 2018 (KHARTOUM) - Saudi Arabia will supply oil to Sudan for the next five years at preferential prices, disclosed a Sudanese minister on Monday.

Sudan’s oil minister Abdel Rahman Osman said according to the agreement which will be signed in the upcoming days Saudi Arabia will provide Sudan with 1.8 million tonnes of oil a year.

The deal aims to fill Sudan’s fuel consumption gap as the country has experienced an acute fuel shortage during the past weeks due to the lack of hard currency to buy oil from the international market.

The minister who just returned from Riyadh said the agreement will be signed after the completion of the procedures with the Saudi Development Bank which will guarantee the credit.

He just added that the procedures will take "several days" without further details.

The government has been under strong pressure from the opposition parties for its participation in the Saudi-led alliance which wages war against the Iran-backed Houthi rebels in Yemen.

Khartoum was criticised for the poor financial support provided by the oil-rich Gulf monarchies to the country despite its significant involvement in the Yemeni conflict.

The criticism prompted the Saudi ambassador in Khartoum to hold a press conference to say his country would sign a number of defence and economic cooperation agreements with Sudan very soon.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Sudan: A plea for constitutional reform and party politics 2018-08-19 01:34:20 By Omer M Shurkian* Introduction The crisis of governance has eluded Sudan since its independence in 1956. This is mainly due to the nature of politicians, the course of politics they have (...)

South Sudan Peace Agreement should provide for removal of post holders 2018-08-17 22:51:16 By Roger Alfred Yoron Modi After armed conflict erupted in South Sudan in July 2016, one of the main issue of contention that led to the resumption of a full-scale war was the question of (...)

Federalism does not deserve war in S. Sudan 2018-08-15 22:47:41 By Roger Alfred Yoron Modi Last week, the National Salvation Front (NAS) which a member of the South Sudan Opposition Alliance SSOA denied that it was party to the Agreement on Outstanding (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.