Sudan: Sudan Gold Income Compensates Oil Revenues before Secession: Minister

Dec 18, 2017 | Sudan Tribune
View Original

The minerals minister said Sudan’s revenue from gold is currently equal to oil revenues before the secession of South Sudan in July 2011. After the secession of South Sudan in July 2011, Sudan lost 75% of its oil production, the main source of state revenue and hard currency needed to pay for imports. Since the government focuses is efforts on gold mining to keep the economy afloat.