Sudan in push for oil sector investment

CAPE TOWN, Nov 6 (Reuters) – Sudan will hold a bidding round for oil exploration next year but is also in direct talks with companies to invest in the sector, its oil minister said on Tuesday.

“We will hold it in the second half of 2019. However, we are open for direct negotiations at any time and that’s what we are doing,” Azhari Abdalla said at a media briefing at the Africa Oil Week Conference.

“We have about 16 blocks that are ready to be licensed,” he said, adding that they could be subdivided into more blocks because of their size.

Sudan, which has endured decades of conflict and sanctions, is currently producing only about 75,000 barrels of oil per day. (Reporting by Ed Stoddard Editing by David Goodman)

Source:https://af.reuters.com