South Sudan President Salva Kiir accused Sudan on Monday of seizing $815 million worth of its crude oil in a row over how to share oil revenues between the former civil war foes.
South Sudan is planning to construct an oil refinery and a crude oil export pipeline through East Africa with the help of international oil companies operating in its fields, China's state-run Xinhua news agency repo ...
China, the biggest investor in oilfields in the new nation of South Sudan, called for "calm and restraint" as a transit fee dispute threatened to cut off crude exports from the African producer.
Malaysia's state-run oil company Petronas has signed a transition agreement with the government of the Republic of South Sudan to allow it to continue operations on blocks previously awarded by the Republic of Sudan.
South Sudan signed its first oil deals with foreign nations since it won independence last July, inking agreements with Chinese, Indian and Malaysian firms, officials said.