UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company
9 months, 3 weeks ago

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

Associated Press  

UNITED NATIONS — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The experts, who monitor an arms embargo against South Sudan, said in the oil section of the report obtained by The Associated Press this week that “servicing this loan would likely tie up most of South Sudan’s revenue many years, depending on oil prices.” Hamad Bin Khalifa Department of Projects, registered in Dubai, has no listed phone number and its website isn’t working. South Sudanese Information Minister Michael Makuei Lueth told reporters in February that outside factors, including the civil war still raging in Sudan, have hurt South Sudan’s oil exports. The section on oil in the experts report said documents for the loan from the UAE company, signed between December and February by South Sudan’s minister of finance, indicate the loan is split into tranches.

War Oil Loan Sudan Company South Panel Experts South Sudan  say  oilbacked  panel  sudans  close  experts  loan  sudan  war  south  company  oil  united  uae  million  securing

History of this topic

Sudan’s largest oil refinery on fire amid civil war, satellite photos show
1 month, 2 weeks ago

Sudan’s largest oil refinery on fire amid civil war, satellite photos show

The Hindu  

Fighting around Sudan’s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black polluted smoke over the country’s capital. The RSF for its part alleged Thursday night that Sudanese military aircraft dropped “barrel bombs” on the facility, “completely destroying it.” The RSF has claimed the Sudanese military uses old …

Fighting in Sudan’s war sets ablaze the country’s largest oil refinery, satellite photos show
1 month, 2 weeks ago

Fighting in Sudan’s war sets ablaze the country’s largest oil refinery, satellite photos show

Associated Press  

DUBAI, United Arab Emirates — Fighting around Sudan ‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black polluted smoke over the country’s capital. The attacks around the refinery, owned by Sudan’s government and the state-run China National Petroleum Corp., represent the latest woe in a war between …

Sudan civil war: Fighting sets the country’s largest oil refinery ablaze, satellite photos show
1 month, 2 weeks ago

Sudan civil war: Fighting sets the country’s largest oil refinery ablaze, satellite photos show

CNN  

AP — Fighting around Sudan‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black smoke over the country’s capital. Forces loyal to Sudan’s military under army chief Gen. Abdel-Fattah Burhan later claimed they captured the refinery, owned by Sudan’s government and the state-run China National Petroleum Corp. Osman …

South Sudan peace talks resume after 4 months and the sacking of a government delegation
3 months, 1 week ago

South Sudan peace talks resume after 4 months and the sacking of a government delegation

Associated Press  

JUBA, South Sudan — After four months and the sacking of a government delegation, the stalled South Sudan peace talks resumed Wednesday in Kenya, the latest effort to end the conflict that has long crippled the African country’s economy. The talks are taking place between South Sudan’s government and opposition groups that were not part of the 2018 agreement that …

Acute food insecurity to hit most people in South Sudan next year, says UN
3 months, 3 weeks ago

Acute food insecurity to hit most people in South Sudan next year, says UN

Al Jazeera  

Almost 7.7 million people will be classified as acutely food insecure in the world’s youngest nation as it grapples with floods and war. Almost 60 percent of South Sudan’s population will be acutely food insecure next year, with more than two million children at risk of malnutrition, warns data from a United Nations-backed review. The latest Integrated Food Security Phase …

Devastating floods in South Sudan displace 379,000, affecting 1.4 million
4 months, 1 week ago

Devastating floods in South Sudan displace 379,000, affecting 1.4 million

Firstpost  

Since its independence in 2011, South Sudan has faced instability, violence, and economic stagnation, compounded by frequent climate-related disasters. File Image- AP Devastating floods in South Sudan are impacting approximately 1.4 million people, with over 379,000 displaced, according to a recent United Nations update, which also warned of a significant increase in malaria cases. Since gaining independence from Sudan in …

No oil, no food: Damaged pipeline piles misery on South Sudan
8 months, 1 week ago

No oil, no food: Damaged pipeline piles misery on South Sudan

Hindustan Times  

At 75, Galiche Buwa has lived through civil wars, famine and natural disasters, but the South Sudanese widowed mother of four always managed to get by, thanks to her grocery business. No oil, no food: Damaged pipeline piles misery on South Sudan Now, however, even that standby is on shaky ground, as the oil-dependent nation's economy reels from revenue losses …

South Sudan on the brink after oil exports derailed by Sudan’s civil war
11 months, 2 weeks ago

South Sudan on the brink after oil exports derailed by Sudan’s civil war

Al Jazeera  

Experts say that a halt in oil production could escalate already acute levels of violence and insecurity in South Sudan. Violence and insecurity could worsen in South Sudan after one of its key oil pipelines to international markets, which passes through neighbouring Sudan, was damaged last month, according to experts. There could be indirect – not direct – consequences from.” …

South Sudan blames fighting in neighboring Sudan and attacks in the Red Sea for its crisis
1 year ago

South Sudan blames fighting in neighboring Sudan and attacks in the Red Sea for its crisis

Associated Press  

JUBA, South Sudan — South Sudan’s government on Tuesday blamed the country’s economic crisis in part on the fighting in neighboring Sudan and the instability in the Red Sea, where Yemen’s Houthi rebels have been attacking international shipping. With most government workers not having been paid for the past of five months and the cost of living skyrocketing, Information Minister …

UN: South Sudan struggling to implement power-sharing deal
1 year, 10 months ago

UN: South Sudan struggling to implement power-sharing deal

Associated Press  

UNITED NATIONS — South Sudan is facing violent clashes and increasing disillusionment and frustration as it struggles to implement the most challenging provisions of a fragile 2018 power-sharing agreement, U.N. experts say in a new report. The world’s newest nation is struggling to integrate rival military forces, draft a new constitution and prepare for its first election as an independent …

Why the conflict in Sudan is worrying its neighbours
1 year, 10 months ago

Why the conflict in Sudan is worrying its neighbours

Al Jazeera  

Concerns range from water supplies and oil pipelines to a new humanitarian crisis in the making. Five of Sudan’s seven neighbours – Ethiopia, Chad, the Central African Republic, Libya and South Sudan – have faced political upheaval or conflict themselves in recent years. Gulf Arab states – Wealthy oil producers Saudi Arabia and the United Arab Emirates have long sought …

With oil sales tied up, South Sudan battles to pay salaries
2 years, 10 months ago

With oil sales tied up, South Sudan battles to pay salaries

Associated Press  

JUBA, South Sudan — Many of South Sudan’s civil servants have not been paid for months as the government has run out of funds, with income from oil exports allocated to servicing loans until 2027, the finance minister and affected workers said. “Where am I going to get the money if the oil has been sold in advance up to …

With oil sales tied up, South Sudan battles to pay salaries
2 years, 10 months ago

With oil sales tied up, South Sudan battles to pay salaries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Many of South Sudan's civil …

Sudan protesters agree to resumption of oil exports
3 years, 5 months ago

Sudan protesters agree to resumption of oil exports

Al Jazeera  

Sudan’s government reaches deal with tribal demonstrators in eastern Sudan after days of protests threatened energy supplies. Sudan’s government has reached an agreement with tribal protesters to allow the resumption of exports of landlocked South Sudan’s crude oil via a terminal on the Red Sea, Sudanese officials said. A government delegation headed by a member of the ruling sovereign council …

South Sudan dismisses UN report on corruption
3 years, 5 months ago

South Sudan dismisses UN report on corruption

Al Jazeera  

Gov’t says it is the victim of an ‘international campaign’ after report accuses ruling elite of looting more than $73m since 2018 from public coffers. South Sudan’s government has dismissed a UN report accusing the country’s governing elite of looting tens of millions of dollars from public coffers, saying it is the victim of an “international campaign”. Last week, the …

South Sudan’s political elite plundering public coffers, says UN
3 years, 5 months ago

South Sudan’s political elite plundering public coffers, says UN

Al Jazeera  

The UN’s Commission on Human Rights in South Sudan says $73m have been diverted since 2018, with almost $39m stolen over a period of less than two months. Massive plundering of South Sudan’s public coffers is undermining human rights in the world’s youngest nation and threatening its already fragile peace process, according to a UN report released on Thursday. The …

South Sudan government figures embezzled $36m: UN panel
4 years, 5 months ago

South Sudan government figures embezzled $36m: UN panel

Al Jazeera  

High-ranking politicians and bureaucrats in South Sudan have siphoned off at least $36m in public funds, sometimes with the connivance of international corporations and banks, a United Nations commission has said. Wednesday’s report by the UN Commission on Human Rights in South Sudan came six days after President Salva Kiir fired the country’s finance minister, the head of the tax-gathering …

Running on empty: South Sudan is out of foreign exchange reserves
4 years, 6 months ago

Running on empty: South Sudan is out of foreign exchange reserves

Al Jazeera  

Tumbling oil production and alleged corruption have led to the weakening of the country’s currency. South Sudan, battered by years of conflict and corruption, has run out of foreign exchange reserves and cannot stop the pound’s depreciation, a senior central bank official in the oil-producing nation said on Wednesday. South Sudan has three exchange rates – one from the central …

South Sudan’s Machar rejects President Kiir’s peace offer
5 years, 1 month ago

South Sudan’s Machar rejects President Kiir’s peace offer

Al Jazeera  

The rejection by Riek Machar dashes hopes of breaking a deadlock and ending a six-year conflict in South Sudan. South Sudan’s rebels have rejected a peace offer by President Salva Kiir, which included plans to reduce the number of states but also create three administrative areas in the country. Kiir on Saturday said the country would now be divided into …

S Sudan: $40m to help integrate rival forces as Kiir, Machar meet
5 years, 3 months ago

S Sudan: $40m to help integrate rival forces as Kiir, Machar meet

Al Jazeera  

South Sudan‘s government has allocated $40m to speed up the integration of its soldiers with armed rebel fighters to create a unified national army – one of the provisions of a stalled peace agreement aimed at creating a power-sharing government after years of civil war. US Secretary of State Mike Pompeo said Washington would implement visa restrictions barring those who …

Is oil money fuelling war in South Sudan?
5 years, 11 months ago

Is oil money fuelling war in South Sudan?

Al Jazeera  

Oil minister Ezekiel Lol Gatkuoth discusses allegations of corruption and the role of oil in South Sudan’s future. It says that the state-owned Nilepet oil company “has diverted oil revenues which should be shared with states into the coffers of elites in the government,” and that its operations “have been characterised by a total lack of transparency and independent oversight.” …

South Sudan: Oil revival to boost economic recovery
6 years, 6 months ago

South Sudan: Oil revival to boost economic recovery

Al Jazeera  

Affected by the civil war, the country’s oil output is expected to reach 210,000 barrels per day by the end of 2018. On Saturday, South Sudan resumed pumping 20,000 barrels per day of crude oil from the Toma South oilfield, where production had been suspended since 2013 due to civil war, Sudan’s oil and gas minister Azhari Abdulqader said. “Additional …

ONGC Videsh files arbitration claim against Sudan over unpaid oil dues
6 years, 11 months ago

ONGC Videsh files arbitration claim against Sudan over unpaid oil dues

Live Mint  

New Delhi: The foreign acquisition unit of Oil and Natural Gas Corp. Ltd’s has filed an arbitration claim against the government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011. People familiar with the matter in India and Sudan said …

South Sudan government buying arms with oil money while millions face starvation: confidential UN report
8 years ago

South Sudan government buying arms with oil money while millions face starvation: confidential UN report

ABC  

South Sudan's government is mainly to blame for famine in parts of the war-torn country, yet President Salva Kiir is still boosting his forces using millions of dollars from oil sales, a confidential United Nations report alleges. Key points: South Sudan's government made $316 million from oil sales in about seven months last year, the UN says At least half …

Report Reveals Corruption At Root Of South Sudan's Power Struggle
8 years, 6 months ago

Report Reveals Corruption At Root Of South Sudan's Power Struggle

NPR  

Report Reveals Corruption At Root Of South Sudan's Power Struggle A two-year report into the devastating power struggle in South Sudan shows profiteering by the newest nation's battling leaders. KELLY MCEVERS, HOST: A power struggle in the world's newest nation, South Sudan, has led to fighting and atrocities that are tearing the country apart. MICHELE KELEMAN, BYLINE: Several activist groups …

The country on the verge of famine - where $6bn has gone missing
9 years, 1 month ago

The country on the verge of famine - where $6bn has gone missing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. If so, the full extent …

US dollars shortage cripples South Sudan industries
9 years, 1 month ago

US dollars shortage cripples South Sudan industries

Al Jazeera  

Juba, South Sudan – If you follow the road west from Juba until the tarmac ends, cross a dry river bed and bear left down a dirt track, after about 20 kilometres you’ll reach what both economists and politicians say South Sudan badly needs: A farm. Rotting in the field For domestic South Sudanese producers like Freedom Farms, the existence …

South Sudan president signs peace deal with rebels
9 years, 6 months ago

South Sudan president signs peace deal with rebels

Al Jazeera  

South Sudan President Salva Kiir has signed a peace deal with rebels more than a week after refusing to do so, at a ceremony in the capital Juba attended by African regional leaders. Rebel leader Riek Machar signed the accord in the Ethiopian capital last week, but Kiir had said on the same day that his government needed more time …

Brent crude futures rise on escalating violence in South Sudan
11 years, 2 months ago

Brent crude futures rise on escalating violence in South Sudan

Live Mint  

Moscow: Brent crude advanced to near its highest level in three weeks as violence in South Sudan forced a partial shutdown of oil production facilities. Fighting in South Sudan, which exports about 220,000 barrels a day, has killed at least 500 people and led to the evacuation of employees from India’s Oil & Natural Gas Corp. There is thin holiday …

Rebels hold key oil capital in South Sudan
11 years, 2 months ago

Rebels hold key oil capital in South Sudan

India TV News  

Kampala: South Sudan's central government lost control of the capital of a key oil-producing state on Sunday, the military said, as renegade forces loyal to a former deputy president seized more territory in fighting that has raised fears of full-blown civil war in the world's newest country. Bentiu, the capital of oil-rich Unity state, is now controlled by a military …

Is oil defining South Sudan’s escalating conflict?
11 years, 2 months ago

Is oil defining South Sudan’s escalating conflict?

The Hindu  

The death of three Indian U.N. peacekeepers on Thursday has brought into sharp focus a power struggle, whose roots may lie not so much in an inter-ethnic contest for political ascendancy, but a larger tussle for the control and diversion of South Sudan’s rich energy and mineral resources. These attacks have taken place in South Sudan’s Unity State, home to …

Oil to flow by year-end
12 years, 5 months ago

Oil to flow by year-end

The Hindu  

South Sudan officials said they expected to resume oil production and exports by the end of the year after signing a raft of agreements with their northern counterparts. South Sudan stopped oil production on January 22 this year following a dispute over the oil transit fee demanded by Sudan, and accused Khartoum of confiscating $815 million worth of oil from …

Final solution eludes the two Sudans
12 years, 5 months ago

Final solution eludes the two Sudans

The Hindu  

A solution to end hostilities and resume oil production continued to elude the two Sudans on Monday despite weeks of negotiations and the expiry of a September 22 deadline set by the UN Security Council. At the U.N. headquarters in New York on Monday, South Sudan’s ambassador to Francis Nazario accused Sudan of not accepting an African Union roadmap for …

Oil is the crux at Sudan talks
12 years, 6 months ago

Oil is the crux at Sudan talks

The Hindu  

Tall tight-lipped men, in suits of elegant cut, filled the lobby of the Sheraton Hotel in the Ethiopian capital as Sudan and South Sudan resumed talks to hammer out an agreement to becalm their troubled borders and resume the production and export of oil. ONGC Videsh — a subsidiary of Oil and Natural Gas Corporation Ltd, the China National Petroleum …

Sudan, South Sudan settle oil dispute
12 years, 7 months ago

Sudan, South Sudan settle oil dispute

CNN  

Story highlights NEW: U.S. Secretary of State Hillary Clinton praised the deal Saturday While most oil wells are in the south, the pipelines and port are in the north South Sudan halted oil production in January after accusing Sudan of stealing CNN — Negotiating teams from Sudan and South Sudan have agreed to end a dispute on oil payments to …

Kenya PM: Sudan conflict threatens world oil prices
12 years, 9 months ago

Kenya PM: Sudan conflict threatens world oil prices

CNN  

Story highlights Kenyan PM has warned the crisis between S.Sudan and Sudan can affect oil prices "The international community cannot sit by and just watch this happening," said Raila Odinga He called African Union to send more troops to resolve the border dispute CNN — The spiraling conflict between Sudan and South Sudan poses a threat to world oil prices, …

China offers South Sudan $8 bn in dvpt funds over next two years
12 years, 10 months ago

China offers South Sudan $8 bn in dvpt funds over next two years

Firstpost  

China has offered South Sudan $8 billion in development funds for road, hydropower, infrastructure and agriculture projects, South Sudan’s information minister told Reuters on Saturday. Juba: China has offered South Sudan $8 billion in development funds for road, hydropower, infrastructure and agriculture projects, South Sudan’s information minister told Reuters on Saturday. The loan came after South Sudan President Salva Kiir …

Oil Dispute May Yield Africa's Newest War
12 years, 10 months ago

Oil Dispute May Yield Africa's Newest War

Wired  

Weeks of fighting over a major disputed oil field along an ill-defined border between Sudan and the world's newest nation, the breakaway Republic of South Sudan, has escalated to the brink of war. Sudanese President Omar al-Bashir -- an indicted war criminal dating to his role in the Darfur genocide -- told troops in the border state of South Kordofan …

South Sudan orders oil-production halt
13 years, 1 month ago

South Sudan orders oil-production halt

Al Jazeera  

Implementation of decision, which comes amid deepening row with Khartoum over pipeline fees, “will not be immediate”. Sudan admits to taking some South Sudanese oil destined for export as compensation until an agreement South Sudan has said it ordered the halt of oil production that provides some 98 percent of its revenue, amid a deepening dispute with the Sudanese government …

A new country is born
13 years, 8 months ago

A new country is born

The Hindu  

The birth of the Republic of South Sudan has suffused a conflict-ridden part of the world with euphoria. South Sudan, whose eight million people comprise Christians and followers of other African religions, voted in a referendum in January 2011 to separate from the Arab-Muslim dominated north Sudan. At the independence celebrations in the new country's capital Juba, the attendance of …

Background: Sudan’s oil industry
13 years, 8 months ago

Background: Sudan’s oil industry

Al Jazeera  

Oil accounts for most of the Sudanese government’s revenues, and most of the country’s reserves are in the south. Related Country Profile: Southern Sudan Country Profile: Sudan Background: Sudan’s civil war Southern Sudan accounts for between 75 and 80 per cent of Sudan’s daily output. The south’s oil reserves are useless without the north’s cooperation, in other words – and …

Fuel prices skyrocket in oil-rich South Sudan
13 years, 9 months ago

Fuel prices skyrocket in oil-rich South Sudan

The Hindu  

Southern Sudan wants to control its oil supply after becoming the world’s newest nation in only a month’s time, but already an apparent dispute with the north has sent fuel prices skyrocketing here and prompted fist fights at gas stations. “Such actions will harm the south and they will also harm the north.” Oil-rich Southern Sudan overwhelmingly voted to secede …

Discover Related