South Sudan Official: Total, Marathon, KPC rights invalid
Article from: OGEL 1 (2005), in Professional News
Introduction
DUBAI, Feb 21, 2005 - Potentially lucrative oil rights reassigned to Total SA (TOT), Marathon Oil Corp. (MRO) and Kuwait Petroleum Corp. (KPT.YY) are invalid, with a share of Total's awarded to London-listed White Nile Ltd. (WNL.LN) instead, a southern Sudanese official said Monday. Kuol Manyang Juuk, finance commissioner for the former rebel Sudanese People's Liberation Movement, said the soon-to-be-formed government of South Sudan didn't recognize any deal between those foreign companies and the government of Sudan in Khartoum for Block B in the south of the ...