China's National Petroleum Corporation (CNPC) plans to reduce its oil investments and production in other countries except Sudan, due to the cooperation between the two countries, the Sudanese Minister of Finance and Economic Planning revealed.

Badr-Eddin Mahmoud Abbas (photo) declared this when he met with CNPC’s delegation led by the Director of Accounts and Finance Liu Yu Jin. He emphasized the willingness of the government of Sudan to reinforce strategic cooperation with China and increase the bilateral economic cooperation between the two countries.

The minister vowed to resolve all the obstacles facing CNPC’s investment and production processes in the country. He advised the company to boost output in the operating fields and explore productive fields in new oil blocks so as to boost production for the benefit of both sides.

According to China’s Director of Accounts and Finance, Liu Yu Jin, CNPC intends to reduce production in other countries excluding Sudan, due to the effect the decline in the global oil prices has on the company's production. He added that the relationship between the countries made the company attempt to develop its projects and production in Sudan and it hopes that all the obstacles hampering the performance of the company's projects in Sudan will be looked into, Sudan News Agency reports.

Anita Fatunji