• The Petroleum Resources Act 1998 and the Petroleum Regulations of 1973 regulate exploration and production of oil and / or gas accumulations in Sudan both onshore and offshore. • Major amendments have been introduced in the petroleum resource Act which gives the Minister of Energy and Mining, with the approval of the Board of Petroleum Affairs, the right to conclude agreements for the exploration and production of oil and / or gas in the Sudan. • All the Agreements signed by the Sudan Government with the international oil companies are Exploration and Production Sharing Agreements (EPSA). The EPSA embodies the entire rights and obligations of the Government and the Oil Company. • The Oil Company, under the EPSA, recovers its operations cost from an agreed and negotiable percentage of the total production. The profit oil is divided between the Government and the Oil Company according to certain percentage to be agreed upon by both parties. • Equipment of the Oil Company used in petroleum operations are exempted from custom duties. • The oil discovered and exported by the Oil Company is exempted from any export taxes.exchange rights are provided for in the EPSA and the Oil Company is given the right to sell its share of oil and / or gas and keep the proceeds outside Sudan. |