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.