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
 Mar 29 2015 - Kuwait joins anti-terror march in TunisiaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait shares the Tunisian resolve to protest acts of terrorism and violence, said Kuwaiti MP Mubarak Al-Khurainej here Sunday.Speaking to KUNA after his arrival, ...

 Mar 29 2015 - Kuwait III on Syria to unearth aid for "largest displacement crisis" - UN officialsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Two UN officials have stressed the importance of aid-pledging talks due to be held in Kuwait for "the largest displacement crisis in the world" in Syria."The ...

 Mar 29 2015 - His Highness Prime Minister receives newly appointed officialsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received, at Seif Palace on Sunday, Minister of Information and Minister of State for ...

 Mar 29 2015 - Argentinian-Kuwaiti parliamentary cmte arrives in KuwaitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Argentinian-Kuwaiti parliamentary friendship committee arrived here Sunday on an official visit to the country.The committee is scheduled to visit the ...

 Mar 29 2015 - UAE's Majid Al Futtaim to expand USD680m Carrefour in Africa and AsiaMENAFN
(MENAFN) Majid Al Futtaim, UAE-based retail developer, is set to expand its USD680 million Carrefour in Africa and Asia to help yield more growth, Arabian Business reported.Majid Al Futtaim's ...

 Mar 29 2015 - 1 airstrike in Syria, 14 in Iraq target ISIL - coalitionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition military forces continued to attack ISIL terrorists in Syria using fighter aircraft to conduct an airstrike, the Combined Joint Task Force announced on ...

 Mar 29 2015 - Omani USD120m theme park project to be set in 2017MENAFN
(MENAFN) Omani biggest theme park project, which is worth USD120 million, is set for completion by 2017, according to the organizers, Arabian Business reported.Majarat Oman will be built over an area ...

 Mar 29 2015 - Uruguay beat Morocco friendlyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Moroccan national football team lost to Uruguay 0-1 in the western coastal city of Agadir on Saturday night.Edinson Cavani turned a penalty into a friendly ...

 Mar 29 2015 - Kuwait-State allotments for citizens employed in private sector at KD 2.4 blnKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Secretary General of the Manpower and Government Restructuring Program (MGRP) Fauzi Al-MajdaliKUWAIT, March 29 (KUNA) - The State of Kuwait spent approximately KD ...

 Mar 29 2015 - Korean firm eyes generating USD275m after Mideast expansionMENAFN
(MENAFN) Busan-headquartered South Korean securities exchange operator, Korea Exchange (KRX), is opting for further expansion with regard to its trading platform in Mena region, Gulf Times ...

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

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