Saudis interested in investing USD1b in Sudan’s oil & gas: Official

18 Mar 2012

(MENAFN) Economic Advisor at the consulate general of Sudan in Jeddah, Abdul Aziz Mohammed Abu Taleb, stated that interest in investing over USD1 billion in Sudan’s oil and gas industry was expressed by a number of Saudi businessmen, reported Arab News.

Taleb said that such investments are key to his country’s oil and gas industry as Sudan aims to utilize advanced technologies in order to be able to start exporting oil in the next 3 years.

It is worth mentioning that Sudan and Saudi have a current bilateral trade volume of over USD2 billion, with a huge focus on agriculture.

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