Monday, 26 August 2019 07:47 GMT
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Sudan, Saudi Arabia discuss five-year oil supply deal




(MENAFN) Sudan and Saudi Arabia were confirmed by Sudan Oil Minister Abdulrahman Othman to be in talks for a deal that would support Sudan and provide it with energy needs for a period of five years on credit.

Under the discussed deal, Sudan is to be supplied with around 1.8 million tonnes of oil per year after the country experienced a brutal foreign currency crisis and was hit with patrol shortage, the Sudanese minister explained.

It comes as Sudan had to import oil after the south seceded in 2011, striking the country with three-quarters oil output losses and starting the foreign currency crisis.

The deal is expected to be finalized and signed in the coming days, as revealed by a source in the presidency's office.

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Sudan, Saudi Arabia discuss five-year oil supply deal

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