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 […]
South Sudan resumes crude oil exports after year-long halt
The Government of South Sudan has announced the resumption of crude oil exports to the international market after more than a year of suspension. The export halt was triggered by the outbreak of war in neighboring Sudan, which severely damaged key oil pipelines that transport South Sudan’s crude through Sudan to Port Sudan on the […]
