Sudan al-Rawat oil field starts production

(KHARTOUM) - The al-Rawat oil field, which is part of block 25, in the White Nile state has officially begun production with a capacity of 440 barrels per day from the first wells, said the Sudanese government on Thursday. The Minister of Energy and Mining, Khairy Abdel Rahman, the Undersecretary, the Governor of the White Nile Thursday, were in the Salam locality of the White Nile state to witness the…

Sudan owes $3 bln to Chinese oil firm and partners

(KHARTOUM) - Sudan’s total debt to the China Petroleum Corporation and foreign partners amounts to $ 3 billion, a Sudanese official said on Saturday. The China National Petroleum Corporation (CNPC) is one of the largest oil companies operating in Sudan. However, the government announced last week its intention to terminate the contract with it in the Block No 6. The Undersecretary of the Ministry of Energy and Mining, Hamid Suleiman,…

African Development Fund grants Sudan $28.2m funding for COVID-19 response

(KHARTOUM) - The African Development Fund announced on Wednesday the distribution of $28.2 million in grants toward Sudan’s COVID-19 health and economic response. By supporting the country’s underfunded health system, the grants are strategized to improve the containment of the virus as well as reduce its impact on the Sudanese economy. Through the grants, the Fund will be “empowering the people of Sudan to contain this pandemic while supporting the…

Second Committee Approves 15 Resolutions, including One Emphasizing Pandemic’s Adverse Impact on Markets, Global Supply Chains

The Second Committee (Economic and Financial) today approved 15 draft resolutions, voting on five of them, including one emphasizing the disruption COVID-19 has had on open market functioning, global supply chains and the flow of essential goods, as well as services.Further to that draft, on “International trade and development”, the General Assembly would call on States to emphasize the importance of supply chains in ensuring unimpeded flows of medical and…

World Bank approves $61.5 million education grant for Sudan

(KHARTOUM) - The World Bank has approved a $61.5 million grant toward reforming Sudan’s education system as part of the country’s biggest education financing project, according to the bank’s statement.The grant, funded by the Global Partnership for Education (GPE), includes a project which will support the improvement of public schools by cutting down tuition, purchasing educational equipment, and increasing sanitation.The Sudanese education minister welcomed the support of the World Bank…

Sudanese pound continues to decline on black market

(KHARTOUM) - The Sudanese pound dropped again against the foreign currencies on Tuesday, as a result of the growing gap between demand and supply in the parallel market. According to dealers who spoke to "Sudan Tribune", the selling price of a dollar ranged between 249 and 250 pounds, compared to 248 on Sunday.   Traders attributed the rise to an increase in demand for foreign currencies while the supply has…

Sudan, South Sudan sign military cooperation deal

(KHARTOUM) - Sudan and South Sudan Thursday signed joint defence and military cooperation agreement between the two countries. The Memorandum of Understanding was signed by the visiting South Sudanese Defence Minister Angelina Teny and her Sudanese counterpart Ibrahim Yassin, according to a statement issued by the Military Media Centre in Khartoum. The defence and military cooperation deal includes "training, exchange of experiences, peace promotion, support and disaster management, as well…

FFC slams lifting fuel subsidies as violation of economic conference decisions

(KHARTOUM) - The ruling coalition in Sudan described the government’s decision to lift fuel subsidies and sell it at market rate as a "flagrant violation" of the decisions of the First National Economic Conference organized by the government last month. This week the government raised the price at the pump of locally produced diesel to 46 Sudanese pounds ($0.8364) a litre from the previous 23 pounds. It also increased the…