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Malaysian oil giant gets major contract

Country Map - Liberia. The situation in the Mano River has displaced thousands of people UNDPKO
War in Liberia has spilled into neighbouring countries
    ABIDJAN

    The Malaysian state oil company, Petronas, has been awarded a 40 percent stake in an oil exploitation project in southern Sudan, news reports said on Thursday.

    “The Sudanese government will hold a bigger share in this project, at least 15 percent, compared to its 5 percent equity in previous ventures, and the rest will be allocated to European companies,” Sudan’s energy minister, Hassan Mohamad Ali, was quoted as saying. The reports recalled that Petronas was also held a 30 percent stake in the Great Nile Petroleum Operating Company.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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