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Khartoum, Jan.28(SUNA)-Minister of Industry, Engineer Batul Abbas Awad Allam has underscored importance of oil industry sector as it is one of sectors that give value added tax(VAT) to products .
She explained that oilseeds were one of the most important resources that could enable Sudan to achieve high agricultural products of oilseeds and production of vegetable oils, especially peanut, sunflower and cottonseed
The Minister denied during a meeting which brought together the Industrial Chamber delegation led by Al Amin Qurashi and Oil expert, Engineer Salah Bashir the report that 90% of industries have been brought to standstill, affirming that there is abundant of oil products in the market, and there are many operating factories
. She pointed to the entry of 15new investment firms in the sector during the coming period, referring to the efforts made to localize the soybean industry with the support of the Japanese government and the United Nations Industrial Development Organization (UNIDO) with the aim of providing soybeans for its settlement due to its multiple uses in industrial products.
Engineer Batul stated that Sudan has the potential high soybean production that could cover national needs and regional demand.
The meeting discussed all the problems of the oil industrial sector and the efforts made to overcome them, especially electricity, fuel, marketing, financing, and the increase in the exchange rate.