Sudan Suspends Khartoum Oil Refinery Operations over Technical Issues

  The Khartoum Refinery (SUNA)
The Khartoum Refinery (SUNA)
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Sudan Suspends Khartoum Oil Refinery Operations over Technical Issues

  The Khartoum Refinery (SUNA)
The Khartoum Refinery (SUNA)

The Khartoum Refinery went out of service due to a malfunction in one of its largest units that generates electricity, the Energy Ministry announced Wednesday.

This comes two weeks after completing the annual periodic maintenance, which took two months, amid fears that the malfunction will cause a fuel crisis.

“All operations at Khartoum Refinery units were halted in emergency over safety risks,” said Director-General of Khartoum Refinery Mahjoub Hassan Abdel Qader.

He affirmed that the facility will resume working as soon as possible, noting that the malfunction is minor and can be fixed.

The ministry has secured the fuel supply so that the consumer sectors in the country are not affected, he added.

Abdel Qader also denied rumors claiming that fire broke out, stressing that the refinery will operate again more efficiently within four days.

The refinery produces 70 percent of domestic fuel, 48 percent of gasoline and 50 percent of gas production for domestic consumption.

The production capacity of the refinery, after completing its maintenance in early March, amounted to 800 tons of gas, 3,000 tons of fuel and 5,000 tons of gasoline.



Dollar Hobbled by Economic Worries; Euro Remains in Favor

US dollar drifted within a tight range on Monday, pressured by lower Treasury yields - Reuters
US dollar drifted within a tight range on Monday, pressured by lower Treasury yields - Reuters
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Dollar Hobbled by Economic Worries; Euro Remains in Favor

US dollar drifted within a tight range on Monday, pressured by lower Treasury yields - Reuters
US dollar drifted within a tight range on Monday, pressured by lower Treasury yields - Reuters

The dollar hovered near a five-month low against major peers on Monday, bruised by President Donald Trump's erratic trade policies and soft economic data, at a time when other currencies, including the euro, benefit from domestic drivers.

The euro was last at $1.0905, up 0.2% on the day, and heading back towards the $1.0947 it hit last week, its highest since October 11.

The Japanese yen was also marginally stronger on the day at 148.48 per dollar, again after hitting its strongest in five months last week at 146.5 to the dollar.

That left the dollar index, which measures the US currency against its six major counterparts, at 103.5, just off its five-month trough of 103.21 reached last Tuesday, Reuters reported.

Currency markets have undergone a shift in recent months, as traders re-evaluate their initial expectations that Trump's economic policies would both support the dollar and cause other currencies to weaken.

In fact the reverse has happened, and analysts at Societe Generale said on Monday that they had changed their currency forecasts "to reflect Germany's planned fiscal changes, the US economy's self-inflicted (relative) fragility, and Japan’s escape from deflation".

They see the euro at $1.13 by year-end and the yen at 139 per dollar.