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 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
MENAFN2502201400970000ID1093776588

 


Qatar News Agency




  MENA News Headlines
 Jan 20 2017 - Saudi's Bahri records USD469mn net profitMENAFN
(MENAFN) National Shipping Co. of Saudi Arabia (Bahri), a pioneer in logistics and transportation has posted a net profit of USD469.3mn in 2016.Moreover, the firm recorded net revenue of USD1.8bn and ...

 Jan 20 2017 - UAE's real estate sector to increase this yearMENAFN
(MENAFN) The UAE real estate sector, spearheaded by its two main markets Dubai and Abu Dhabi, will make positive increase this year.Furthermore, the diversity of the UAE economy helped the country ...

 Jan 20 2017 - Mideast debt issuance reaches USD77bnMENAFN
(MENAFN) Middle Eastern debt issuance reached USD77.8bn in 2016, a 145 percent increase compared to the value raised amid 2015, the highest annual total in the region since 1980.Moreover, Mideast ...

 Jan 20 2017 - Qatar- Construction boom brings travel miseryGulf Times
(MENAFN - Gulf Times) The traffic along the road between Barwa Village signal and Mesaieed has become a nightmare for commuters owing to a huge increase in the movement of heavy vehicles, especially ...

 Jan 20 2017 - Qatar- Souq Waqif Spring Festival gets off to a colourful startGulf Times
(MENAFN - Gulf Times) An array of cultural performances and stage shows marked the opening of this year's Souq Waqif Spring Festival, which will run until February 2, from 3.30pm to 10.30pm daily. ...

 Jan 20 2017 - Qatar- Traders, customers lament absence of ATM at Ain Khalid SouqGulf Times
(MENAFN - Gulf Times) Shopkeepers as well customers at the Ain Khalid Souq have rued the absence of an ATM at the complex which houses dozens of commercial outlets, offices and restaurants. The ...

 Jan 20 2017 - Qatar- New deal extends helping hand to bereaved orphansGulf Times
(MENAFN - Gulf Times) Qatar Red Crescent Society (QRCS) has signed a memorandum of understanding (MoU) with Hamad Medical Corp (HMC) to provide aid for young orphans whose family breadwinner dies ...

 Jan 20 2017 - Mwani Qatar launches diabetes awareness driveGulf Times
(MENAFN - Gulf Times) Qatar Ports Management Company — Mwani Qatar, in association with the Qatar Diabetes Association (QDA), has launched a campaign to raise diabetes awareness among its ...

 Jan 20 2017 - QRCS' projects in S Sudan benefit thousandsGulf Times
(MENAFN - Gulf Times) The Qatar Red Crescent Society (QRCS) has completed a number of water, sanitation, and hygiene (WASH) projects in Central Equatoria and Northern Bahr El-Ghazal, in South Sudan ...

 Jan 20 2017 - Emirates Airline Literature Festival tickets go on saleGulf Times
(MENAFN - Gulf Times) Tickets are now on sale for the ninth Emirates Airline Festival of Literature, the organisers have announced. The annual literary extravaganza brings a host of top authors to ...

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

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