Sudan’s Ministry of Oil and Gas and the Russian GTL company have signed an agreement for the exploitation of the gas produced from Niemes field in square (4) and convert it to liquid fuel. Sudan News Agency reports.

The representative of SudaPet Company, engineer Nour-Eddin Saad-Eddin signed on behalf of the ministry, whiles the director of the Russian company, signed for the Russian party.

The agreement contains the establishment of a gas liquefaction plant for the processing of 10 mcf of the associated gas per day and turns it into petroleum products such as gasoline and benzene at a rate estimated to 100 million tons of fuel yearly.

The project, of which the Sudapet Company owns 51% interest while the Russian company owns 49% interest, is projected to be executed within 18 months.

The Minister of Oil and Gas Dr. Mohamed Zayed Awad addressed the signing ceremony describing the project as economically rewarding, also noting that the project provides 10 million dollar per month and will support the ministry's policy aimed at enhancing the oil's economics, pointing out that the cost of the project is estimated at 70 million dollar and is considered one of top priority projects to increase oil production.

Meanwhile, the head of the Russian company indicated that the project is rewarding, stressing the highest standards of quality of the petroleum products, and however pledging the continuous improvement and the introduction of modern technologies besides the training of the national cadres.