Home | News    Friday 18 November 2011

Sudan accuses south of seizing Sudapet’s shares

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November 17, 2011 (KHARTOUM) – The Sudanese government on Thursday blasted what it claimed was a decision by South Sudan president Salva Kiir to confiscate shares of its state oil firm Sudapet.

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According to Sudan foreign ministry spokesperson Al-Obaid Marawih, Kiir ordered that the shares be transferred over to Nilepet which is South Sudan’s state oil company.

The Sudanese official said that they have received a formal notification on the move by Sudapet’s Deputy General Director Ali Farouq.

Marawih urged South Sudan to reconsider the decision, warning of its negative impact on the path of negotiations between the two nations on post-secession issues that are held under the auspices of the African Union (AU).

He stressed that the contracts of the Sudan with international oil companies stipulated obtaining a percentage of revenues payable to Sudapet. Marawih said that Kiir’s directive overlooks the fact that Sudapet does not belong to South Sudan.

South Sudan seceded from the north on July 9th, the culmination of a 2005 peace deal that ended decades of civil war. North Sudan lost 75 percent of its 500,000 barrel-a-day oil production after the south became independent, but oil is still flowing through its territory to reach buyers.

Sudan’s state-owned oil firm Sudapet has stakes in all producing projects in south Sudan, whereas South Sudan’s company Nilepet is not currently present in these projects.

Marawih said Sudan was surprised by this move and its timing, and considered it an "odd" one which contradicted the spirit of cooperation Khartoum extended to its southern neighbor since the country’s breakup.

He noted that Sudan allowed South Sudan to export its oil through the north despite lack of agreement on the transit fees charged for using the pipelines that extend all the way to Port Sudan.

The spokesperson stressed that South Sudan must compensate Sudapet saying the value of the shares amounts to $2 billion.

(ST)

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  • 18 November 2011 10:00, by Adok Wolu

    dear all.
    this is the habbit of those NCP, to constantly keeping on accusing the south of confisicating their propertis,that quotation is totally wrong and baseless.
    mark my words
    Adok wolu

    repondre message

    • 18 November 2011 11:05, by Logic

      Sudapet is not a private company, it has benefited immensely from the kick backs it got from the oil industry of Old Sudan, it sounds like the NCP were trying to hoodwink GoSS. Am sure those shares wont be transfered if its not legal.

      If the NCP had played a fair game, both countries could be prospering and developing at a fast rate but "power corrupts, absolute power corrupts absolutely".

      repondre message

      • 18 November 2011 11:45, by Sam.Eto

        CLOSE THE PIPELINE - CLOSE THE PIPELINE - CLOSE THE PIPLEINE

        That really scares you people hehehe. China isnt going to do anything to Sudan if it does. Its only going to make it look harder for oil in the North. Closing the pipelines will not harm Sudan - it will kill you. Stop your bragging, your poor people will survive but your leaders will die without their bling !

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        • 18 November 2011 11:47, by Sam.Eto

          Stop dreaming - The Facilities and pipeline belong to Sudan. Keep your Sudapet shares - its not worth anything soon. Production is going to drop anyway. You should pay the North for discovering the oil, drilling it and exporting while you sat lazily drinking marisa under the tree. Waste of human being.

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          • 18 November 2011 12:19, by Bush

            @Sam.Eto

            Pay the thieves for discovering the oil? on whose land and who invited you? You have stole it enough in the past 25 years, we can even sue you because you used all the money from oil to develop the north only, the main reason behind the session if you don’t know. Enough that have stolen, don’t ask for more.

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    • 18 November 2011 11:22, by Frak Cho

      Dear readers,

      The pipelines that run from the South to Port-Sudan were constructed using the State revenue that includes South Sudan shares of National budget. Same to other developmental projects done in the North also use Southern shares.

      What a hell Sudan is doing? If the South going to compensate Sudapet’s with $ 2 billion, then North Sudan must compensate the South with $ 10 billions.
      Thank

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      • 18 November 2011 11:50, by Sam.Eto

        You must be drunk. The South got its shares - $10 Billion over the last 5 years. But your greedy fat politicians stole it all and spent it on their families and luxury villas and cars and fat bank accounts in the US, Australia and Kenya. Ask Pagan what happened to the Souths share of oil revenue. The North used its share to build the infrastructure. Your government didnt build anything with it.

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  • 18 November 2011 10:01, by Rundial T Gatkouth

    why would Sudapet’s complain with something not their belongs?

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    • 18 November 2011 10:33, by Master

      Once a theif always a theif ! Sudapet is a company and has shares in the consortioum just like Nilepet. There are laws and regulation - a country can not just take a company’s share and give it away. But i suppose thats normal for the SPLM and their jungle ways. CLOSE THE PIPELINE - CLOSE THE PIPELINE - CLOSE THE PIPLEINE - let them shower with the oil.

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      • 18 November 2011 10:58, by Xeno

        Master,

        You are an idiot. What do you think will happen if you close that damn pipeline you are bragging about? Don’t you know the same people who built that pipeline are the same Chinese buying South sudan oil? Do you think they will listen your shyt....hello. just shut the ....ckk up?

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      • 18 November 2011 11:04, by JOHN CHOL

        mASTER,
        South Sudan Republic has never been part of the so called ’agreement with Oil companies". We are a separate Nation with laws and regulation not similar to Sudan’s, why should SPLM abide by your CRUEL Islamic laws? Jungle laws earned us CPA and Islamic laws causes splits and genocide in Darfure, Kordofan and blue Nile! Where will you survive if you close the pipe....

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      • 18 November 2011 11:13, by Bush

        @Master

        Close down your mother fuckers, we shall seek another alternatives. We do you still need to operate in South Sudan? a country that you hate like nothing? CLOSE it and China will turn heat on you in one minute and expose your shits to the world.

        repondre message

    • 18 November 2011 10:51, by JOHN CHOL

      It’s oil,your main source of revenue, which nominally belong to Ross after independence.Had it not been your arrogancy and dishonoring of signed agreements, your economy would been support with our Oil money.Oil facilities in the north were constructed with our Oil money hence you owes us the facilities in your land.President made a nice decision, go a head with your usual threats and actions! So

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  • 18 November 2011 11:09, by Bush

    "The spirit of cooperation Khartoum extended to its southern neighbor since the country’s breakup" Where is that spirit of cooperation that Khartoum has extended to South Sudan? by closing all the borders and threatening us with wars all the time? In whose image did God created the Arabs in this world? Just to disturb people’s peace?

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    • 18 November 2011 14:27, by Deng Thiak Adut

      Well done Mr President. You ought to switched your thinking cap on. We need foreigh investmentto be only 15 percent and no more in anything. Time for acquistion and we have expertise to do so. Your Excellence, you need to response to any attack with the same token. Make sure what happened in Uity State shouldn’t go unpunished.

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      • 18 November 2011 16:55, by Adok Wolu

        Dear:Sam Eto.
        you seem to be playing with the fire, who do you thing is the drunker then you lotter of our oil, this time we are going to cut off that facken pipline that feed you and your likes,and you will be like a fish out of water.your prisident omer Al Bashier the most wanted man by the ICC, will one day stand before court and you will be shaking like the thiep and the made Dog.
        Rush.

        repondre message

  • 19 November 2011 00:15, by Red Army

    Sudapet and all other national companies will oil shares in the oil mining must be all under the jurisdiction of RSS. We do not need to pay anything to North Sudan at all, instead they owe us billionaire of dollars for almost century leave alone decades of underdevelopments of South Sudan. RSS does not need to share also in the repayment of Sudan debts. It is upto North Sudan to pay it on her own.

    repondre message

  • 19 November 2011 11:04, by siddaw

    Forget Mr. Omer with your greedy government of North. the pipeline was constructed with the South Sudan’s share in the national bugeting. what compensation are you still searching for? Guys, Sudapet wanted to consume us directly because they are lacking resources since they left with only 25%. that is the only reason for this nonsensical but we can not aggree. 2billion is not acquired on the road.

    repondre message

  • 19 November 2011 11:05, by siddaw

    all these pressures from the NCP must stop.

    repondre message

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