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Saturday, 12 November 2016

We have Introduced New Concepts to Maximize State Share of Petroleum: Awad

Khartoum - The Minister of Petroleum and Gas Dr. Mohamed Zayid Awad said that the ministry has introduced new concepts in the oil industry to expand the State's share of oil and giving concern to its economics, referring to the various experiences and ideas adopted by the ministry a matter that reflected in the reduction of fuel imports and thus saving of foreign currencies for the country through the increase of Khartoum Refinery refining capacity.
This came during his address to his ministry's staff on the occasion of the Public Service Day, which was organized by the Ministry's General Directorate of Administrative Affairs entitled (The Institution's Performance and its Active Role in the Implementation of the State Strategies).
The minister added that the import has confined to only one vessel to fill the gap of the total consumption need of gasoline and gas instead of importing five ships per month in addition to the domestic product, pointing out that his ministry has begun to use the cheapest fuels in all sectors, revealing to the conduct of studies to convert the thermal power plants from the use of gasoline to use an oil product which is locally produced in Al-Obied Refinery.
Dr. Awad affirmed that on the job knowledge and the experience gained by the national cadres in the oil industry have played key role in preservation of the oil production where a number of engineers working in the Greater Nile Company was able to retrieve the production through the wells which stopped production during the last period, praising the initiative of the Sudanese youth in keeping the current production rate and inventing new ways to raise the rate of extraction in the light of the difficult conditions facing the oil sector worldwide as a result of low prices that led to the reluctance of investors to increase oil exploration due to the high costs of oil industry.