Today, Sunday, the Sudanese government announced the readiness of 26 oil blocks, including 5 offshore blocks, covering the territorial waters and coastal areas of Sudan in the Red Sea, with the aim of offering them for global investment.
According to a statement issued by the Sudanese Ministry of Energy and Oil, "updating the map of oil-producing oil blocks comes as a prelude to submitting them for global investment."
The investment environment in Sudan has improved during the past months, with the country being removed from the list of sponsors of terrorism, and the successful resumption of cross-border cash transfers.
The ministry stated that it "tends to adopt policies and procedures to enhance promotion and attract investors to work in the oil blocks and available investment opportunities."
The target squares include areas designated for development by the company and other promising exploratory areas, according to the statement.
And last year, Sudan declared the existence of "virgin" concession areas that remain undiscovered in the east, south and west of the country.
Sudan’s oil production declined after the secession of South Sudan in 2011 from 450,000 barrels per day to between 60 and 70,000 now.
This made the government resort to importing more than 60% of petroleum products.