Home | News    Monday 7 June 2004

Africa’s oil import bill to soar-Sudan’s Bashir

separation
increase
decrease
separation
separation

KAMPALA, June 7 (Reuters) - Oil imports to East and southern Africa’s COMESA trade bloc are set to rocket to $15 billion this year as world oil prices hit record highs, Sudan’s president Omar el Bashir said on Monday.

Bashir, outgoing chairman of the Common Market for Eastern and Southern Africa (COMESA), said the 2004 oil bill for the group’s 20 member states had shot up from $9 billion in 2003.

"This will have far-reaching negative effects on our economies," he told delegates at the organisation’s annual summit in the Ugandan capital Kampala.

"Coupled with low commodity prices, this will increase some COMESA region countries’ debt stock," he said. "They will now have to borrow more just to service their current debts."

Uganda’s President Yoweri Museveni took over from Bashir as COMESA chairman at the opening of Monday’s meeting, which attracted several heads of state and regional officials.

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.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


False escape of Peter Biar Ajak from South Sudan to America 2020-08-07 15:58:45 By Steve Paterno In a dramatic fashion, Peter Biar Ajak, a South Sudanese political dissident, wrote an opinion article in World Street Journal (WSJ), published on July 23, 2020, the same day he (...)

How we can construct a shared vision for South Sudan’s future? 2020-08-01 09:21:58 David Nyuol Vincent To craft a shared vision for the future of South Sudan is difficult but not impossible. To surpass the perilous situation in which we are in now, we need to learn to (...)

Establish capable security force in Darfur 2020-08-01 07:43:40 By Mahmoud A. Suleiman The Darfur region is destined to continue bleeding. Those who believe in that openly say whether Omer Al-Bashir is still in the rule of Sudan or deposed, the region of (...)


MORE






Latest Press Releases


Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)

S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)


MORE

Copyright © 2003-2020 SudanTribune - All rights reserved.