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… 
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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