Khartoum and Juba expect to extend the oil agreement until March 2022

Khartoum and Juba expect to extend the oil agreement until March 2022

Sudan and South Sudan signed yesterday an extension to the agreement on oil and economic arrangements until March 2022.

Approval of transit, processing and sovereign fees for the South crude, which is transported through Sudan by the Greater Nile Company pipeline (PETCO), at (26) dollars, and the crude that is transported through the Petrodar (BAPCO) pipeline by (24.1) dollars.

In addition to the supply of the Khartoum refinery and Um Dabakir station was approved. The South’s one is at (28) thousand barrels per day, at (14) thousand each, along with the batches of the economic arrangements.

The Minister of Energy and Mining Eng. Adel Ali Ibrahim signed the government, and the Minister of Oil, Engineer Awo Daniel Chuang, and Adel said that the agreement is a great step to advance cooperation between the two countries in the oil and gas sector.

 As well as cooperation in increasing production in the South, and the establishment of major economic projects.

For his part, Chuanq expressed his happiness at the extension of the agreement, and the commitment of the two countries to the cooperation agreements extended for the benefit of the two countries.

While praising the efforts of Sudan and its oil companies in carrying out the work in an excellent way, and declared their readiness for further cooperation until the pumping of all fields in the south.

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