Sudan Foreign Min:Oil Exports To Surge To 2M B/D In 2008

Sudan’s Foreign Minister Mustafa Osman Ismail, after a meeting with Brazil’s Foreign Minister Celso Amorim late Monday, said he expects his country to export 500,000 barrels of oil a day in August, and 2 million b/d in 2008, the Arab-Brasilian Commerce Chamber said on its Web site Monday.

“Preliminary studies show that Sudan is situated on a true lake of oil,” Ismail was quoted as saying.

Mohammed Isa, a high-ranking Sudanese diplomat with the embassy in Brasilia, told Dow Jones Newswires the August figure is approximately right, and that Sudan’s current oil exports are about 350,000 b/d. He could not immediately confirm the forecast for 2008.
DowJones via iWon