Sudan is rich in oil Development Real estate

united Sudan's oil output

Sudan

Essentially, it's religion at play here. The conflict: There's been two civil wars in 1956 and 1983 between a predominantly Arab Islamic North and a Non-Muslim South (Animist and Christian). Not to forget, it's been only six decades-and a few years- since the independence of Sudan itself. About a year ago South Sudan left Sudan putting an end to the civil war. But, things are far from normal. South Sudan is rich in oil with an output of 350,000 barrels per day, in other words, three quarters of a united Sudan's oil output. Naturally, Sudan still has a bad South Sudan hangover. In January, South Sudan shut off its oil production. Ask why? The landlocked country had disagreements over fees to be paid to the North for oil exports through Sudan to the Red Sea port. Rather a bold move, one has to say, as South Sudan depends on oil for up to 98 percent of its state revenue. Well, sadly, the new country didn't have money to buy food or medicine, thus. Last month, both the countries decided to resume exports from South Sudan after an interim agreement. But, according to the Finance Minister of South Sudan, the country would be able to pump only at about seventy per cent of its capacity. A development, nevertheless, even if it takes three months for the oil to reach the Red Sea Terminal at Port Sudan. Also, both the countries have agreed for further talks, which is a good sign. Still, the road ahead is long, so are the problems
 Development  Real estate

تصنيف : Development,oil,Real estate