Saudi Arabia to supply oil to Sudan for five years

Saudi Arabia will supply oil to Sudan for the next five years to help it tackle a growing energy challenge, AFP reported, citing Sudan's oil minister Abdul Rahman Osman.

“We returned from Saudi Arabia after negotiations with the Saudi side to supply Sudan with oil for five years,” Osman said following his meeting in Riyadh last week.

Sudan will receive 1.8 million tonnes of oil in the first year, and each year the quantity will be raised by seven percent, he added.

The financing of the deal is to be facilitated by Saudi Development Bank, the news agency said.

In a separate statement, the Sudanese presidency said a draft agreement between the two countries has been prepared and will be signed after the financing procedures are finalized.