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Local news - Economy

Memo of understanding between National Upstream Company and Chinese Tianjin Company signed

Khartoum, Nov. 19 (SANA) - A memorandum of understanding was singed Friday between the National Upstream Solutions Company (NUS)and Tianjin Company (DFXK) of China was signed Sunday, in the presence of the Minister of Oil and Gas Dr. Abdulrahman Osman on financing the purchase of two 1,500-horsepower oil drilling platforms at soft payment terms extended up to three years.
The General Manager of the National Upstream Solutions Company Consultant Engineer Ahmed Abu Bakr signed on behalf of the Sudanese side and the President of Tianjin Company Mr. Li Shi Lou signed for the Chinese side.
The Minister of Oil and Gas praised this partnership, stressing the depth of the strategic relations between Sudan and China, asserting his keenness on the continuity of economic relations in all fields and cooperation in the field of oil with Chinese companies.