Petroleum Africa
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Monday, July 13, 2015
Li Lian, China’s ambassador to Sudan, revealed that his country plans to increase its investment in the country. That increased investment will come through Chinese firm CNPC, who is already active inside Sudan.
“CNPC has reduced its foreign investments due to lower global [oil] prices, with the exception of Sudan, for the durability, strength and strategic dimension of the relations between the two countries,” Lian was quoted as saying by the state-owned Sudan News Agency, SUNA.
“China’s relations with Sudan is considered a model for south-south cooperation,” Lian said, following a meeting with meeting with the Sudan’s oil and gas minister Mohamed Awad Zayid.
Lian did not say how much more his country intends to invest in Sudan.
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