Last Update 17:16
Tuesday, 17 September 2019

South Sudan oil minister warns Trafigura over seized oil

Juba says it will freeze business with major energy trader if there's proof it profited from oil impounded by Khartoum

Reuters, Wednesday 22 Feb 2012
Share/Bookmark
Views: 837
Share/Bookmark
Views: 837

South Sudan will refuse to do any business in the future with oil trader Trafigura if it is proven that the firm bought oil from neighbouring Sudan in the knowledge that the cargo was seized southern crude, its oil minister told Reuters.

Geneva-based Trafigura, the world's third-largest oil trader, bought oil which South Sudan claimed was seized by Sudan in an oil row between the two African countries.

"If it is confirmed, I'm not accusing them (Trafigura) because it must be confirmed by the court, (but) if they are the ones that bought the crude with the knowledge that the crude or commodity was stolen, and they went and agreed with Sudan, then it has spoiled any future relations or transactions with us," Oil Minister Stephen Dhieu Dau said late on Tuesday during a visit to Palouge oil field.

Land-locked, war-ravaged South Sudan must pump oil to the Red Sea via a pipeline across its northern neighbour to Port Sudan but both countries have been unable to agree on a transit fee.

Oil revenues account for 98 per cent of the seven-month-old country's income.

Sudan has confiscated more than 6 million barrels of South Sudan's oil since December due to the row over oil transit fees, a South Sudanese official said last week.

On Tuesday, South Sudan said it had expelled the head of Chinese-Malaysian oil firm Petrodar, the main oil firm in the African country, after accusing Chinese firms of helping Sudan seize southern oil.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.