Support The Moscow Times!

Russia to Get Access to Sudanese Oil Amid Debt Write-Off

Russia has written off $17 million in debt owed by Sudan and won the promise of access to Sudanese oil and gas resources for Russian companies after an intergovernmental commission meeting in Moscow, news agency RIA Novosti reported Friday.

Sudan has looked to Russia and China for investment after being shunned and sanctioned by the West over human rights violations in South Sudan, which broke free from Khartoum in 2011 after a long and bloody civil war.

RIA quoted Sudanese Minerals Minister Ahmed Mohammed Al-Karuri as saying that Russian companies were needed to process natural resources extracted in Sudan, a major oil producer.

"We extract unprocessed  [natural resources] and need to earn added profit [from refining], which requires extra investment," the agency quoted him as saying.

"As for oil, we need to increase the effectiveness of our current drilling and explore for oil in new untapped regions," Al-Karuri said, adding that he expected a delegation from Russia's Gazprom to visit Sudan soon.

During the meeting, which was chaired by Al-Karuri and Russian Natural Resources Minister Sergei Donskoi, the two countries agreed to write of $17 million in Sudanese debt, Al-Karuri said.


An earlier version of this article stated incorrectly that Sudan is a member of OPEC.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more