Sudan to Increase Oil Production
Sudan will increase its oil production by 60,000 barrels a day within the coming months, production rising to 300,000 barrels a day following the development of two oil fields in Southern Sudan.
Sudan's energy minister told UPI on Wednesday that the Pantio oil field in the Wahda region would be able to produce an additional 30,000 barrels by the end of February, while the Manka field would produce 30,000 barrels by May.
Some 230,000 barrels a day of Sudanese oil is produced by the Greater Nile Petroleum Operating Company, or GNPOC, a consortium in which China National Petroleum Corporation owns 40%, the Malaysian group Petronas has a 30 % share, Talisman Energy of Canada has a 25 % stake and the Sudanese state-owned company Sudapet owns the remaining 5 %.
GNPOC began producing oil in August 1999. It operates on a 12.2 million acre concession in south central Sudan, approximately 700 kilometers south-west of Khartoum, the country's capital. The project currently includes six producing oil fields, a 1,500-kilometer underground pipeline and a state of the art offshore loading and storage facility. Several new discoveries are scheduled for development. (www.albawaba.com)
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