Seasif has reached an important agreement with Sudan's Minister of Petroleum, Dr. Awad Ahmed Al-Jaz

May 13, 2013 - PRLog -- Seasif Group has reached a new important goal in the crude oil world.

Eng. Favilla, CEO and Chairman of Seasif Group, has coordinated and finalized a collaboration agreement with the Sudan State for an estimated amount of 5 billion Dollars, which will allow Seasif to obtain petroleum products, for the international market, for a total volume of 7 millions of Metric Tons per year.
Moreover, during the project development, there will be the empowerment of the productive capacity.

The location for loading, unloading and for production will be situated in Port Sudan, this will guarantee to Seasif the total exclusivity on the refined petrol products for the exportation.

The agreement has been signed between Mr. Franco Favilla and his excellence Ministry of Petroleum, Dr. Awad Ahmed Al-Jaz for oil-refining and exportation, in order to meet the increasing demand of crude oil and to upgrade its refining, import and export.

This agreement creates a new strategic hub for the distribution and processing of crude oil.