Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

South Sudan s Factions Vie For Control of Oilfields  Join our daily free Newsletter

MENAFN - Qatar News Agency - 25/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Warring factions in South Sudan are battling for control of the country's dwindling oil production in a sign both sides have given up on faltering peace talks and are instead seeking a military and economic stranglehold over the cash-strapped country.



Oil companies have evacuated non-essential staff from fields in Upper Nile state following renewed heavy fighting in Malakal, the regional capital, over the past week, reported the Financial Times on Monda



Malakal lies about 150km south of the fields in Upper Nile state that pump the bulk of the country's crud



Oil production was hit earlier in the crisis when the rebels in late December took control of Unity state, the other oil-rich regio



Oil executives worry the forces loyal to Riek Machar, the rebel leader, will move beyond Malakal, trying to encircle the fields to gain leverag



They said however that a direct attack against the fields was unlikely, the newspaper sai



An aide to Machar said the fighting was heading towards the oilfields of Adar and Paloich, in Upper Nile stat



"There can be no work because of the fightin



That will stop the oil," the aide sai



Colonel Philip Aguer, spokesman for South Sudan's army, insisted the fields were so far safe in spite of rebel threats to "either divert or close down the oil industry". His government last week intervened to overturn a local state directive to shut down the field



But an industry executive familiar with the situation described a more worrying scenario, with oil groups operating the fields in Upper Nile, including China National Petroleum Company and Malaysia's Petronas, evacuating some staff from Paloic



"They are lifting as many non-essential workers as they can," the executive sai



Industry officials say oil output has fallen to about 150,000 barrels per day, down 40 per cent from before the start of the conflict, which has killed thousands and displaced 900,000 peopl

 






  MENA News Headlines
 Jul 23 2014 - Death, displacement mar Eid in Sudan's DarfurAFP
(MENAFN - AFP) Shafia Abdullah's Sudanese family is consumed with thoughts of vengeance after militia shot him dead during the Muslim holy month of Ramadan, ending his advocacy for Darfur's displaced ...

 Jul 23 2014 - UN Emergency Fund gives 75 million to boost aid operations in the Sahel and Horn of AfricaMENAFN Press
(MENAFN Press) NEW YORK July 23 2014/African Press Organization (APO)/ -- United Nations humanitarian chief Valerie Amos has allocated US$75 million from the UN Central Emergency Response Fund (CERF) ...

 Jul 23 2014 - Greater efforts needed to protect MPs in Somalia IPU saysMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- The Inter-Parliamentary Union (IPU) has called for greater efforts to protect MPs in Somalia after the ...

 Jul 23 2014 - Orange and Emmas International launch their 5th African mobile telephone recycling facility in AbidjanMENAFN Press
(MENAFN Press) ABIDJAN Côte d'Ivoire July 23 2014/African Press Organization (APO)/ --  as part of its ongoing commitment to encouraging recycling of mobile devices launched in 2005 Orange ...

 Jul 23 2014 - Majid Al Futtaim posts USD3.5b H1 revenuesMENAFN
(MENAFN) Dubai-based shopping mall developer Majid Al Futtaim (MAF) posted a 14 percent growth in the first-half revenues, citing growing earnings across its business units, Emirates 24/7 ...

 Jul 23 2014 - Bahrain's BCFC profit up 13 percent in H1MENAFN
(MENAFN) Bahrain Commercial Facilities Company (BCFC) saw a 13 percent rise in consolidated net profit at USD19.1 million in the first half of the current year compared to USD16.88 million in the ...

 Jul 23 2014 - Africas oil amp gas sector continues to show substantial growth despite regulatory uncertainty and corruption according to PwC ReviewMENAFN Press
(MENAFN Press) JOHANNESBURG South-Africa July 23 2014/African Press Organization (APO)/ -- The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous ...

 Jul 23 2014 - PS McLeod to Announce New Funding for Humanitarian Assistance for Children in the Democratic Republic of the CongoMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ms. Cathy McLeod Parliamentary Secretary to the Minister of Labour and for Western Economic Diversification will host a ...

 Jul 23 2014 - MP Opitz to Make an Announcement Regarding Humanitarian Assistance in SomaliaMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ted Opitz Member of Parliament (Etobicoke Centre) on behalf of the Honourable Christian Paradis Minister of ...

 Jul 23 2014 - South Sudan Cholera threatens lives of thousands during harsh rainy seasonMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- With the rainy season nearly at its peak in South Sudan cholera continues to spread in the war-torn country. The ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help