Economist: Sudan will Lose $300 Million Annually

Sudan Events – Rehab Abdullah

Economist Dr. Haitham Fathi has confirmed that the cessation of oil exports through Sudanese ports had a negative impact on the Sudanese economy, and attributed this to the fact that there is an agreement with the state of South Sudan that includes fees for transmitting oil.

Fathi confirmed that the cessation of crude oil from South Sudan affected the Umm Dabaker station in the White Nile State, which produces electricity in Sudan, because the fuel for the station was part of a deal to pass crude from South Sudan through Sudanese territory.

He pointed out in his speech to (Sudan Events) that Sudan was harmed by the loss of revenues from annual transmission through the line amounting to $300 million annually, adding that there is a risk that the oil transmission lines will be damaged to the rest of the transportation lines, and he pointed out that the flow of crude oil from the production areas to the ports  Export is governed by international agreements, and is a supreme interest for Sudan.

Fathi stressed that the stoppage has a greater impact on the economy of South Sudan, especially with the decline in oil production.