{"id":7650,"date":"2014-03-04T07:18:55","date_gmt":"2014-03-04T12:18:55","guid":{"rendered":"http:\/\/www.zegabi.com\/articles\/?p=7650"},"modified":"2014-03-04T07:18:55","modified_gmt":"2014-03-04T12:18:55","slug":"sudan-and-iraq-sign-petroleum-co-operation-agreement","status":"publish","type":"post","link":"https:\/\/www.zegabi.com\/articles\/7650","title":{"rendered":"Sudan and Iraq Sign Petroleum Co-operation Agreement"},"content":{"rendered":"

\"\"<\/a>The governments of Sudan and Iraq have signed an agreement that will see the Middle Eastern nation supply crude oil to Khartoum and also support the construction of a petroleum refinery in the warring North African nation.<\/p>\n

According to a statement by the Iraqi Deputy Prime Minister for Energy, Hussein al-Shahristani, the agreement will further strengthen the political and economic relationship between the two nations.<\/p>\n

al-Shahristani reportedly signed the agreement on Monday at a meeting with an envoy from Sudan led by Lieutenant General Mohamed Atta al-Mawla Abbas.<\/p>\n

Currently, the capacity of the refinery is unclear and Iraqi authorities are also yet to disclose what volume of crude oil will be transferred to Sudan.<\/p>\n

In June 2013, Iraqi officials revealed that the country had entered an agreement with Sudan to transfer crude oil to the former, at a deferred cost.<\/p>\n

This revelation came at a time when Sudan was experiencing extreme shortage of crude oil, reportedly due to a delay in its shipments.<\/p>\n

South Sudan took a considerable percentage of the oil reserves of Sudan when the two nations split in 2011.<\/p>\n

Pundits say the Sudanese government has not been able to get over the impact of the secession on its administrative capacity.<\/p>\n

In the past, Sudanese authorities have expressed optimism that the construction of a refinery in the nation will facilitate the promotion of oil derivatives to the African market. Presently, the Sudan Khartoum Refinery Companyt – which is jointly owned by the Chinese National Petroleum Corporation – is the only refinery in Sudan, with a capacity of about 100,000 barrels of oil daily.<\/p>\n

The agreement between the Sudanese and Iraqi government follows a similar deal between the Middle Eastern country and Egypt.<\/p>\n

Reports indicate both nations are planning to build a pipeline between one another – through Jordan – to transfer oil. However, not much details have been made known about the project.<\/p>\n

Although Iraq is believed to have a fourth of the world’s oil reserves, the nation has struggled to maximise its petroleum industry following many years of war and international sanctions.<\/p>\n

However, reports indicate the country’s oil production has hit record rates in the past month, with almost 4 million barrels of oil produced daily.<\/p>\n

Photo by the Sudan Vision Daily: The Sudan Khartoum Refinery Company.<\/p>\n","protected":false},"excerpt":{"rendered":"

The governments of Sudan and Iraq have signed an agreement that will see the Middle Eastern nation supply crude oil to Khartoum and also support the construction of a petroleum refinery in the warring North African nation. According to a…<\/span> Read more ›<\/a><\/span><\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[44,409,1],"tags":[1725,1181,4968],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/7650"}],"collection":[{"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/comments?post=7650"}],"version-history":[{"count":0,"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/7650\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/media?parent=7650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/categories?post=7650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/tags?post=7650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}