Sudan Expands Power Production, Prepares for Peaceful Nuclear Energy

A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
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Sudan Expands Power Production, Prepares for Peaceful Nuclear Energy

A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun
A general view shows a section of the plant at the Dar Petroleum Operating Company oil production operated in Palogue oil field within Upper Nile State in South Sudan, September 7, 2016. REUTERS/Jok Solomun REUTERS/Jok Solomun

Sudan announced on Wednesday its plans to set up two brand new power plants in the national free zone and Port Sudan just off the Red Sea coast.

Undertook by Germany’s Siemens, both plants are said to produce 850 megawatts and are scheduled to be in service before summer 2018.

Sudan has also announced that the first and second divisions of the three-thousand-megawatts power plant, the Upper Atbara and Setit Dam Complex, are effectively feeding the national grid.

The third unit is currently under construction and the project will be completed by the end of 2017.

Observers predict that the country's power production will double this year with the ongoing expansions.

Sudan is also expected to sign an agreement with the International Atomic Energy Agency (IAEA) in Moscow next month, allowing Khartoum to take full advantage of the peaceful uses of nuclear energy, such as electricity production.

Sudan has completed preliminary surveys to locate the nuclear power plant outside Khartoum.

The increase in power demand in Sudan is 14 percent per year against an annual output of 3,000 MW. The country imports from Ethiopia 250 megawatts to meet the growing demand for electricity in the country.

Sudan is currently implementing a plan for 2031 which is aimed at meeting the African country’s growing demand for power, including the construction of dams, combustion plants with petroleum fuels and renewable energies. It lately peruses employing peaceful nuclear plants to upgrade its energy output.

More so, Sudan has taken many steps towards enabling its peaceful nuclear activity program, especially with regard to nuclear safety and security.

A law has been passed to regulate radiation. Under this law, an independent national control body has been established.

Five years ago, Sudan began to make use of nuclear energy for peaceful aims and agreed earlier this year with Russia's Rosatom, a Russian government nuclear power company, to cooperate in this field.



Oil Prices Rise as Concerns Grow over Supply Disruptions

Oil Prices Rise as Concerns Grow over Supply Disruptions
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Oil Prices Rise as Concerns Grow over Supply Disruptions

Oil Prices Rise as Concerns Grow over Supply Disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent support.

Brent futures were up 61 cents, or 0.80%, to $76.91 a barrel at 1119 GMT, while US West Texas Intermediate (WTI) crude climbed 46 cents, or 0.63%, to $74.02.

It seems market participants have started to price in some small supply disruption risks on Iranian crude exports to China, said UBS analyst Giovanni Staunovo.

In China, Shandong Port Group issued a notice on Monday banning US sanctioned oil vessels from its network of ports, according to three traders, potentially restricting blacklisted vessels from major energy terminals on China's east coast.

Shandong Port Group oversees major ports on China's east coast, including Qingdao, Rizhao and Yantai, which are major terminals for importing sanctioned oil.

Meanwhile, cold weather in the US and Europe has boosted heating oil demand, providing further support for prices.

However, oil price gains were capped by global economic data.

Euro zone inflation

accelerated

in December, an unwelcome but anticipated blip that is unlikely to derail further interest rate cuts from the European Central Bank.

"Higher inflation in Germany raised suggestions that the ECB may not be able to cut rates as fast as hoped across the Eurozone, while US manufactured good orders fell in November," Ashley Kelty, an analyst at Panmure Liberum said.

Technical indicators for oil futures are now in overbought territory, and sellers are keen to step in once again to take advantage of the strength, tempering additional price advances, said Harry Tchilinguirian, head of research at Onyx Capital Group.

Market participants are waiting for more data this week, such as the US December non-farm payrolls report on Friday, for clues on US interest rate policy and the oil demand outlook.