Oil Wealth

Oil wealth
Sudan is blessed with vast oil reserves that has since 1999 become a principal export. The country has successfully been able to exploit this wealth, furnishing the infrastructure with pipelines, refineries and oil terminals for the industry to flourish. Oil production has steadily increased since then and has today peaked at some 520,000 barrels per day. Success in this area has contributed significantly to the trade surplus that the country enjoys and has greatly boosted the overall performance of the economy.

It has also rejuvenated the light industry of the country and has expanded export-processing zones. Because of the rising oil revenues, we have every reason to expect sustained growth in the years to come, not least because of the major contribution the Merowe hydroelectric Dam will make towards the much needed energy for achieving various developmental projects that will significantly affect the economic performance of the nation.

 

 

 

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