Iraq agrees to export oil to Sudan, with late payment

Green signal has been drawn from Iraq, regarding the oil export to Sudan, as reported by the media sources recently. The investment minister of African country has reported to be said this, figuring out the point that Sudan is undergoing huge turmoil recently due to many reasons – mainly due to economic and political crisis.
Sudan has been struggling to meet local demand for diesel and other oil products since losing most of its crude output with the secession of South Sudan in 2011. Oil used to be main source of money for the country budget and for allocating budget, as well as to continue imports the country needs money.
After returning from Baghdad, Investment Minister Mustafa Osman Ismail stated, "The Iraqi government agreed to provide Sudan, during our visit, with oil which we have to pay only at some point later."
Without providing much details,. He also said, "There is now a technical team from the Sudanese petroleum ministry (in Iraq) to discuss technical issues of the deal in terms of volumes and payments."
It has to be noted that Iraq is second largest member of OPEC and the ministry of oil of Iraq has rejected to say anything on immediate basis on the issue of exporting oil to Sudan. Sudan has said it is producing around 136,000 barrels per day of crude although some analysts say the figure is at least 10,000 bpd too high.