Turkey, Sudan ink deals on oil exploration, agriculture

Published 12.09.2018 00:28 Modified 12.09.2018 00:28

Turkey and Sudan signed two agreements on oil exploration and agriculture, Turkey's agriculture and forestry minister said on Monday.

With the agreements, the Turkish Petroleum Corporation (TPAO) will make investments in Sudan worth $100 million, Bekir Pakdemirli told reporters following a closed-door meeting with Sudanese President Omar al-Bashir in the capital Khartoum.

He said the coordinates for Turkey's agricultural projects were designated in the second deal.

Previously, over 780,000 hectares of land in Sudan were earmarked for Turkish investors to carry out their agricultural activity.

The increase of both countries' exports and Turkey's requirements for agriculture would be guaranteed with the agricultural project.

"We will continue to work for the two countries to receive the maximum benefit," the minister said.

Agricultural cooperation started in 1999, and the Turkish-Sudanese agricultural pact was signed in 2014.

The bilateral pact aims to rationalize the use of resources and agricultural potential, and contribute to sustainable food objectives.

Turkey and Sudan also decided to establish a joint agriculture and livestock company last March.

Pakdemirli said the bilateral trade volume of the two countries was $481 million last year, and opening a branch of Turkey's Ziraat Participation Bank in Sudan was an important step in raising bilateral trade.

"The agreement-in-principle for the bank's branch [was] also signed with the contribution of Turkish Deputy Trade Minister Fatih Metin," he added.

Pakdemirli also said Turkey's General Directorate of Mineral Research and Exploration (MTA) had established a company in Sudan and started to work on mines in the country. The minister started his three-day-visit to Sudan on Sunday along with private sector representatives for talks on economic cooperation.

Last December a business forum was held in Sudan when President Recep Tayyip Erdoğan visited the country.

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