The Sudan National Petroleum Corporation, also known as Sudapet, is a state-owned oil company based in
Sudan
Sudan ( or ; ar, السودان, as-Sūdān, officially the Republic of the Sudan ( ar, جمهورية السودان, link=no, Jumhūriyyat as-Sūdān), is a country in Northeast Africa. It shares borders with the Central African Republic t ...
. It was founded in 1997 and is 100% owned by the Ministry for Energy and Mining (later the Ministry of Petroleum and Gas).
As a NOC, Sudapet has equities varying from 5% to 70% in the licensed petroleum concessions in Sudan with other foreign shareholders, in addition to a large range of petroleum associated services subsidiaries.
From 2006 to 2015, 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.
History
In November 1997, the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
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
The Greater Nile Petroleum Operating Company (GNPOC) is a petroleum exploration and production company operating in Sudan. It was incorporated on 18 June 1997 and undertook construction of the Greater Nile Oil Pipeline which links Sudan's inland ...
(GNPOC). This was a contentious move in that Canadian international
Talisman Energy
Talisman Energy Inc. was a Canadian independent petroleum company that existed between 1993 and 2015. The company was created from the assets of BP Canada after British Petroleum divested its 57 percent stake in June 1992. It was one of Canada ...
was a 25% shareholder in GNPOC.
Later in September 2017, the United States lifted long-standing economic sanctions against Sudan.
Projects
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
RSPOC:Red Sea Petroleum Operating Company
CPOC:Coral Petroleum Operating Company
GSPOC:Great Sahara Petroleum Operating Company
BNPOC:Blue Nile Petroleum Operating Company
ASE:Al-Sudan Energia Petroleum Operating Company
SOPOC:Star Oil Petroleum Operating Company
RPOC:Rawat Petroleum Operating Company
See also
*
Sudan Khartoum Refinery Company
Resources
External links
Official WebsiteAdvanced Petroleum company (APCO) official site
{{Authority control
Oil and gas companies of Sudan
Companies based in Khartoum
National oil and gas companies
Government of Sudan
1997 establishments in Sudan
Non-renewable resource companies established in 1997
Energy companies established in 1997