South Sudan is asking crude producers for a complete pre-payment of $2.5 billion, which it intends to refund by way of future manufacturing that may have been entitled to Petroliam Nasional Bhd.
In separate letters despatched in October to ONGC Nile Ganga BV and a unit of China Nationwide Petroleum Corp. and seen by Bloomberg, the petroleum ministry requested for $1 billion and $1.5 billion respectively to be repaid in 54 months.
The 2 firms had been in consortia with Petronas earlier than the Malaysian multinational deserted its belongings in South Sudan, which had been subsequently confiscated by the state-owned Nile Petroleum Corp.
- Advertisement -
“We hope the settlement can be labored inside one month from the date of receipt of this letter,” in response to each leaked paperwork, which the ministry confirmed as genuine.
Each firms weren’t available to remark.
The ministry mentioned the leak “constitutes a gross violation of presidency confidentiality, ethics, and nationwide safety protocols.”
State coffers in South Sudan — which depends on crude exports for greater than 90% of presidency income — have run dry as a battle in neighboring Sudan froze practically the nation’s total export.
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial assessment. Off-topic, inappropriate or insulting feedback can be eliminated.
