Make MENAFN My Home Page
 
  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 t 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




Loading, Please wait....


 





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

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