Court blocks South Sudan oil sale over loan dispute
A London High Court has issued a last-minute injunction preventing the government of South Sudan from selling a crude oil cargo valued at over US$20 million, after BB Energy sought urgent legal action to recover part of a US$100 million loan it extended to the cash-strapped nation earlier this year, according to Global Trade Review […]
BB Energy sues South Sudan in oil delivery dispute
South Sudan is facing a major lawsuit in a London court after global oil trader BB Energy accused the government of failing to deliver crude oil under a pre-payment agreement, Arab News reported. The lawsuit, filed last month, sheds light on the deepening financial troubles and governance failures plaguing the country’s petroleum sector the backbone […]
