Sudan: Oil exploration the only focus of the foreign investors
Sudanese Supreme Court issued an arrest warrant (11th October 2021),against the country managers of Petronas, and the Chinese National Petroleum Company (CNPC). The arrest warrant was issued due to their failure to settle the labour issues of PetroDar Operating Company (PDOC). The government is also planning to confiscate assets acquired by these companies through illegal means during the previous regimes.PDOC is a joint venture company in Sudan in which Petronas (a Malaysian oil and gas company) and CNPC (a major national oil and gas corporation of China) have ownership. The major stakeholder in PDOC is the CNPC with 41% shareholding and the close second is Petronas with 40% shareholding. Other shareholders include Sudapet (Sudan), SINOPEC (China), and Tri-Ocean Energy (Kuwait).
A PDO...