Sudan Earns Trade Surplus with Oil Exports

Published May 18th, 2000 - 02:00 GMT

New Sudanese oil exports helped move the country's trade balance from deficit to surplus in the first quarter of 2000 compared with the same period the previous year, AFP said Thursday. 

Oil exports accounted for 25 percent of state revenue from January to April, creating a trade surplus of 57.4 million dollars compared with a 142.1 million dollar deficit in the first quarter of 1999, Reuters said, quoting a finance ministry report. 

Energy ministry secretary general Hassan Mohammed Ali al-Taum meanwhile told reporters that a new refinery outside Khartoum is producing 2,300 tonnes of gasoline a day, or three times the country's consumption, AFP added. 

He was quoted as saying the surplus fuel will be piped to Port Sudan for export.  

Sudan, which has been in the throes of civil war since 1983, began exporting crude oil for the first time last year from Port Sudan - (Several Sources) 

 

© 2000 Al Bawaba (www.albawaba.com)

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