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Friday, March 31, 2017

Venezuela Eyes Investment In Sudan’s Ailing Oil & Gas Sector


Venezuelan and Sudanese government officials are discussing possible investments in the oil and gas industry of Sudan. Both countries are experiencing serious economic woes, Venezuela reeling from the severe blow from low oil prices and mismanagement of the state oil company that plunged it into a recession, and Sudan trying to recover from the loss of 75 percent of its crude oil revenues after South Sudan seceded. Currently, Sudan produces approximately 100,000 barrels of oil daily, with its remaining reserves estimated at 3.5 billion barrels. More…

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