South Sudan Faces London Court Case over Oil-Backed Loan

BB Energy sues South Sudan over latest unfulfilled oil contract

Trading house’s legal challenge comes as South Sudan grapples with rising debt and a shaky peace deal

South Sudan faces London court case over oil-backed loan

Trading house BB Energy has filed a case against South Sudan in London for failing to deliver oil owed under a pre-payment deal, according to court filings and a company spokesperson.

BB Energy sues South Sudan over unfulfilled oil delivery deal

International trading firm BB Energy has filed a lawsuit against the government of South Sudan in a London court, accusing it of failing to deliver oil promised under a pre-payment agreement, according to court documents and a company spokesperson. A spokesperson for BB Energy who name has been withheld, told Reuters the legal action was a necessary step to protect the company’s contractual rights with the Ministry of Petroleum. “As yet, they ha…

South Sudan faces court case over oil-backed loan - Radio Tamazuj

Trading house BB Energy has filed a case against South Sudan in London for failing to deliver oil owed under a pre-payment deal, according to court filings and a company spokesperson.One of the poorest countries in the world, South Sudan is grappling with increased debt and a shaky peace deal. In March, the government placed its petroleum minister, as well as other opposition officials, under house arrest.BB Energy DMCC filed the case last month…

BB Energy sues South Sudan over missed oil deliveries

Trading house BB Energy has taken South Sudan to court in London, alleging the government failed to supply crude pledged under an oil-for-cash agreement, according to filings and a company spokesperson. BB Energy DMCC lodged the claim last month. “They have defaulted on delivery,” the spokesperson said, adding the firm was serving formal proceedings but remained open to an “amicable solution” given its long-term interests. Juba did not immediate…