Sudan signs agreement with Slavneft

Sudan signs agreement with a Slavneft
Sudan and Slavneft have signed a USD 200 million oil and gas exploration deal, the first such contract with a Russian firm. Mikhail Gutseriyev, president of Russia’s Slavneft, and Sudan’s Oil and Energy Minister Awad Ahmed al-Jaz signed the production-sharing agreement. Slavneft plans to invest USD 180 million in the project covering 126,000 square km in central Sudan while the Sudan Petroleum Company (SUDAPET) will provide the remaining USD 20 million. Slavneft is expected to start exploration work in March or April.

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