Sudanese refinery

China National Petroleum Corp. plans to invest USD 1 billion jointly with Sudan to create the African country’s largest oil refinery. The deal, expected to be signed within the coming months, will use USD 300 million to expand the Khartoum Refinery from 50,000 barrels per day to 90,000 bpd. CNPC and Sudan first established the 50-50 joint venture in 1997. The rest of the investment is earmarked for a 750 km-long pipeline linking block six in southern Sudan’s Kordofan oilfield with the refinery and Port Sudan, where it will then connect with export markets. CNPC has invested more in Sudan than in any other country. The company holds a 40% stake in the Greater Nile Consortium, which produces 330,000 bpd from three oil blocks and a 42% stake in two blocks in Malut, numbers three and seven, which are yet to come online. “With the three blocks coming on stream, the total production of the three oil fields that CNPC has interests in is expected to increase to 400,000 barrels of oil per day in 2004 and 500,000 in 2005,” Salih said.





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