BB Energy lifts first South Sudan oil cargo after court dispute

Global energy company lifts first South Sudan crude oil cargo under renewed agreement

In February 2024, BB Energy entered a deal to provide $100 million in financing to the South Sudanese government, secured against future deliveries of Nile/Dar Blend crude oil, but later secured a temporary injunction to stop South Sudan from selling a 600,000 barrel cargo By James Chatim BB Energy has said it had lifted South Sudan’s crude oil after a significant legal dispute over non-delivery. In a statement published by the London-based ener…

BB Energy Secures First South Sudan Cargo and Advances Repayment Agreement

The shipment, comprising approximately 600,000 barrels of DAR Blend crude, marks a significant and positive milestone following constructive engagement with the highest authorities at the Ministry of Finance and the Ministry of Petroleum. Their leadership and proactive approach reflect a shared determination to stabilise and advance the long-standing partnership between BB Energy and the Republic

First Crude Oil Cargo From South Sudan Loaded by BB Energy After Legal Dispute

Commodities trader BB Energy has loaded its first South Sudanese crude oil cargo after the negotiation of new terms for the fuel that was meant to be delivered in 2025…

BB Energy lifts first South Sudan oil cargo after court dispute

BB Energy says it has lifted its first cargo of South Sudanese crude oil under renewed repayment arrangements, marking a breakthrough months after a court dispute over a US$100 million oil-backed loan. In a statement released to Eye Radio, the London-headquartered energy trader confirmed the shipment of approximately 600,000 barrels of Dar Blend crude under its prepayment agreement with the Government of South Sudan. “The lifting of this cargo r…

BB Energy lifts first South Sudan oil cargo under prepayment deal - Radio Tamazuj

Trading house BB Energy has lifted its first shipment of crude oil under a renewed prepayment arrangement with South Sudan, the company said Saturday. The cargo, about 600,000 barrels of DAR Blend crude, follows high-level talks with South Sudan’s Ministry of Finance and Ministry of Petroleum aimed at stabilizing the long-standing energy partnership. BB Energy and South Sudanese officials have agreed on a repayment framework and a forward delive…