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Angelina Teny, Sudan’s State Minister of Energy and Mining and candidate for Unity State's Governorship, said that drilling of oil should benefit the people living in the oil areas. Another important issue according to her is the need to improve economic transformations so as to enable sustainability of economic gains.
Sudan wants oil companies to develop a new oilfield, Block 12b, in its troubled northwestern Darfur region. The Justice and Equality Movement (JEM) warns "companies not to deal with the regime in Khartoum in oil exploration".
Sudan and India discussed ways to develop joint cooperation and investment in oil and electricity as well as gas. OVL wants to consolidate its operations and acquire more acreage in the African country.
Indian Petroleum Minister Murli Deora in January pitched for more oil acreage for ONGC in Sudan while seeking resolution of dispute over payments for a pipeline that the state-owned firm built in the oil-rich nation.
The new benzine supplying agreement signed between Sudan and Ethiopia will see Sudan benzine supplies to Ethiopia rise from 8% to 82%. This will reduce oil imports from many of Ethiopia’s fuel supplying countries, including the Middle East.
Sudan has issued a tender to sell 2.6 million barrels of March-loading Nile Blend crude, which will close on Tuesday February 26th.
Sudan and the state firm China National Petroleum Corp (CNPC) discussed to increase the production of Khartoum's refinery to 200 thousand barrels per day instead of its current capacity of 100,000 bpd to meet the growing need of oil derivatives..
Letter by Global Witness stressing that that increased transparency in the oil sector is also
imperative to avoid a return to violence.
Archbishop Daniel Deng urges China to play a positive role in Sudan: instead of pursuing a damaging policy of economic gain in Suda, Beijing should use its influence to help ease rising tension ahead of elections.
TIAA-Cref has become the first large US asset manager to sell stakes in four Asian oil groups over concerns about human rights abuses in Sudan. The move will increase pressure on other investors to sever ties with those companies.
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