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Savannah faces competition for Petronas purchase in South Sudan

Summary by Ground News
President Salva Kiir announced the agreement with Caltech Investment during his visit to New York for the United Nations General Assembly. If confirmed, the deal would be a major blow to Savannah Energy, which has been working on the acquisition of Petronas assets since December 2022. Caltech has not yet responded to a request for comment.

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Savannah faces competition for Petronas purchase in South Sudan

The statement from the South Sudanese presidency valued the agreement at $3bn. According to Kiir, Caltech will partner with the government to buy Petronas’ entire portfolio in the country for $1.25bn. The post Savannah faces competition for Petronas purchase in South Sudan appeared first on Energy Voice.

·United Kingdom
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Energy Voice broke the news in United Kingdom on Monday, September 25, 2023.
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