Related Articles
Forward article link
Share PDF with colleagues

Glencore embroiled in South Sudan oil-export row

An oil deal struck between South Sudan’s state-owned producer, Nilepet, and international commodities broker Glencore is at the centre of an internal struggle for control of the fledgling nation’s exports

On 9 July, the day South Sudan declared independence, Nilepet and Glencore sealed a joint-venture agreement establishing Petronile International. At the time, Glencore and South Sudan’s energy ministry said the venture would market a portion of South Sudan’s 375,000 barrels a day of crude output. Today, however, South Sudan’s director-general of petroleum, Arkangelo Okwang Oler – a signatory to the joint-venture agreement – told reporters: “We have not mandated Glencore to market our oil. They [Glencore] are not mandated to sell the crude of the south.” The dispute appears to centre on the sale of volumes of royalty oil, rather than the equity production Nilepet holds through its stakes in

Also in this section
UK's unclear post-Brexit emissions strategy
23 March 2018
The shape of future EU carbon trading hangs in the balance
North Sea oil and gas bounce may be short-lived
22 March 2018
The UK oil industry’s trade body is cautious over prospects for the maturing oil province
Qatar keeps on keeping on
21 March 2018
With the energy sector operating normally, the country is adjusting to life under sanctions