Petronas sues South Sudan for blocking sale of oil fields worth $1.25 billion
A subsidiary of Malaysian energy giant Petronas has filed a lawsuit against South Sudan, claiming the country blocked the planned $1.25 billion sale of its oil fields to Savannah Energy and instead took control of the assets. The state-controlled Nile Petroleum Corporation (NilePet) took control of Petronas’ assets in South Sudan in early August and […]
