Off the wire
• Oil prices rebound on big U.S. gasoline stockpile drawdown  • Dance festival in Portugal evacuated due to fire at parking lot  • Woman in wheelchair detained at Lisbon airport for carrying cocaine  • Phelps "humbled" to carry US flag in Rio  • 1st LD: Syrian warplanes foil rebel offensive with heavy airstrikes  • Morocco enjoys 10-percent rise in tourist arrivals  • Former Finnish PM welcomes Russian initiative to hold security talks with nearby countries  • U.S. dollar rises against most major currencies  • Man City agree deal for Brazil sensation Gabriel Jesus  • Feature: Yorkie the terrier makes screen debut in world's first ever travelogue hosted by a dog  
You are here: 　 Home

Sudan woos more foreign funds into oil sector mainly from China

Xinhua, August 4, 2016 Adjust font size:

A Sudanese official declared that the Chinese companies acquire 75 percent of foreign investments in the country's oil sector, Sudan Tribune reported Wednesday.

Mohamed Zayed Awad, Sudanese Minister of Petroleum and Gas, also announced entry of new Chinese companies to invest in fields of gas and petroleum in the country.

He said that a delegation of the China National Petroleum Corp (CNPC) will arrive in the country late this month to get acquainted with new projects.

The company is willing to enter into new projects at a number of oil blocks, he said.

Sudan is seeking to increase its oil production after losing 75 percent of its oil revenues following the separation of South Sudan in 2011.

Before separation, Sudan's oil production amounted to 450,000 barrels a day. Endit