AFRICAN MAIL – Investment Minister of Sudan, Mustafa Osman Ismail, disclosed on Wednesday that oil-rich Iraq has arranged to carry across oil to the African country and agreed to delay payment.
“The Iraqi government agreed to provide Sudan, during our visit, with oil which we have to pay only at some point later,” Reuters quoted Ismail as saying.
“There is now a technical team from the Sudanese petroleum ministry (in Iraq) to discuss technical issues of the deal in terms of volumes and payments.”
Sudan has been battling to satisfy home-grown demand for oil products after most of its crude oil production was lost in 2011 when South Sudan became an independent state.
Sudan has always seen oil as a revenue generator.
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