Saudi Arabia will supply oil to Sudan for the next five years at preferential prices, according to Sudan’s oil minister Abdel Rahman Osman.
The agreement which will be signed in the upcoming days says that Saudi Arabia will provide Sudan with 1.8 million tonnes of oil a year.
The deal aims to fill Sudan’s fuel consumption gap as the country has experienced an acute fuel shortage during the past weeks due to the lack of hard currency to buy oil from the international market.
The minister who just returned from Riyadh said the agreement will be signed after the completion of the procedures with the Saudi Development Bank which will guarantee the credit.
He just added that the procedures will take “several days.”