Quotes: 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

 


Qatar News Agency




  MENA News Headlines
 Apr 19 2015 - UAE has 4% of world's oil, 3.5% of gas reserves: Energy MinisterEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) UAE Energy Minister, Suhail bin Mohammed Faraj Faris Al Mazrouei, said that the UAE has 4 per cent of the world's oil reserves and nearly 3.5 per cent of the ...

 Apr 19 2015 - New Zealand Prime Minister to lead trade mission to the UAEEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) John Key, New Zealand's Prime Minister, is to lead a business delegation to the United Arab Emirates on 26th April."The visit is an opportunity to strengthen and ...

 Apr 19 2015 - Etihad Airways wins Crystal Cabin AwardEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways has scooped the coveted 2015 Crystal Cabin Award in the Premium Class and VIP category, for its innovative Airbus A380 upper deck cabin designs ...

 Apr 19 2015 - UAE- Civil Defence Officers awarded new ranksEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Major General Jassem Al Marzouqui, Commander-in-Chief of the Civil Defence at the Ministry of Interior, has decorated a number of officers at the Abu Dhabi Civil ...

 Apr 19 2015 - Energy Minister receives UAE AmbassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abdul Hussain bin Ali Mirza, Bahraini Energy Minister, has received Abdulridha Abdullah Mahmoud Khori, UAE Ambassador to the Kingdom of Bahrain.During the ...

 Apr 19 2015 - DFWAC participates in GCF Partner Council meeting in SwedenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Dubai Foundation for Women and Children, DFWAC, has participated in the Partner Council Advisory Board meeting of the Global Child Forum, GCF, held recently ...

 Apr 19 2015 - UAE- ADNEC to host Cityscape Abu Dhabi 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abu Dhabi National Exhibition Centre, ADNEC, has set the stage for the ninth edition of Cityscape Abu Dhabi to run from 21st to 23rd April, under the patronage ...

 Apr 19 2015 - UAE- TRA participates in the Global Conference on Cyberspace 2015 in NetherlandsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The General Authority for Regulating the Telecommunications Sector, TRA, participated in the Global Conference on Cyberspace 2015, which was held in The Hague, ...

 Apr 19 2015 - Iran presents four-point Yemen peace plan to UNJordan News Agency
(MENAFN - Jordan News Agency) Iran's foreign minister, Mohammad Javad Zarif, on Friday submitted a letter to U.N. Secretary-General Ban Ki-moon outlining a four-point peace plan for Yemen.The peace ...

 Apr 19 2015 - Planning Minister, U.S. lawmakers discuss aid to JordanJordan News Agency
(MENAFN - Jordan News Agency) During a recent visit to the United States, Minister of Planning and International Cooperation, Imad Fakhoury, discussed with Senate and House of Representatives ...

more...


 






Google

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help