• 13 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 15 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 17 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 18 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 20 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 21 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 6 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 7 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 7 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 7 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 8 days Kurdish Independence Could Spark Civil War
  • 8 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 8 days The Capital Of Coal Is Looking For Other Options
With A World Awash In Oil, Kazakhstan Faces Fuel Crisis

With A World Awash In Oil, Kazakhstan Faces Fuel Crisis

Kazakhstan is struggling with a…

Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Oil Minister Al-Marzouk has…

Gold Smugglers Arrested As Sudan Jockeys To Become The #2 Producer

Gold

This week, Sudan's National Intelligence and Security Services reportedly seized 64 kilograms of gold that were to be smuggled to another country; and arrested seven people connected to the smuggling network. Two of those arrested were from another country.

Last year General Mohammed Atta of the NISS said that smuggling gold has become a public security problem, and that additional security directives were in place to stop the movement of gold without the proper government permission. Ahmed Mohammed Sadiq al-Karouri, the Sundanese Minister of Minerals, said the government has virtually no control over the majority of the gold produced by independent miners.

Al-Karouri cited a lack of gold laboratory services as a mitigating factor that has contributed to god smuggling, and vowed to curb the smuggling problem. The Ministry of Minerals told the Sudanese Parliament in June 2014 that 75 percent of the nation’s gold production is smuggled.

Al-Karouri told the Sudanese Parliament on Tuesday that the nation’s gold revenues had reached over 900 million dollars in the first quarter of 2016. He claimed that gold production for the first quarter hit 22.3 tonnes, generating some 903.13 million dollars.

Related: Bribery, Corruption And Changing Contracts: Oil Investment In Iran

The nation plans to produce approximately 100 tonnes of gold this year. Approximately 70 percent of the Sudan’s gold production last year was in the River Nile State. In April, the Ministry of Metals reported that Sudan’s gold production was up by 3 percent from the prior year.

Sudan expects to become the number two gold producer on the African continent this year, and number 9 in the world. Last year, South Africa held the number one slot on the continent and was ranked seventh in the world. Ghana was number two in Africa and number 10 globally. Sudan was number three in Africa and ranked 17 in the world.

By Lincoln Brown for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Sam on June 17 2016 said:
    What a misleading, click-bait title- "jockeys to be #2."
    - Not mentioning you meant #2 in Africa, not the world.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News