Sudapet
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| Government-owned | |
| Founded | 1997 |
| Founder | Government of Sudan |
| Headquarters | Coordinates: 15°33′39″N 32°33′6″E / 15.56083°N 32.55167°E, Khartoum, Sudan |
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Key people
|
Awad Alkarim (Director General) |
| Website | sudapet |
The Sudan National Petroleum Corporation, also known as Sudapet, is a state-owned oil company based in Sudan. It was founded in 1997 and is 100% owned by the Ministry for Energy and Mining.
As of 2006 Sudapet is not active in oil exploitation, but rather serves to manage revenues the Sudanese government receives from its concessions to foreign operators. At the same time there have been efforts within the government and among the company's principles to develop the resources and know-how to transform Sudapet into a fully self-sufficient enterprise in the oil exploitation space.
In November 1997, the United States imposed sanctions against Sudan on the basis that profits from oil were being used to fuel the civil war. In February 2000, the US government extended its sanctions to include Sudapet and the Greater Nile Petroleum Operating Company (GNPOC). This was a contentious move in that Canadian international Talisman Energy was a 25% shareholder in GNPOC.
The company is a minority stakeholder in all of its exploitation and development projects. Its activities break down as follows:
Acronyms:
CNPCIS:renamed to 'Petro Energy E & P'
GNPOC:Greater Nile Petroleum Operating Company
PDOC:Petrodar Operating Company
WNPOC:White Nile Petroleum Operating Company
Sudapak:Sudapak Industrial Corporation
APCO:Advanced Petroleum Company
...
Wikipedia