. Military Space News .




.
ENERGY TECH
Malaysia's Petronas denies South Sudan oil theft claim
by Staff Writers
Kuala Lumpur (AFP) March 5, 2012


Malaysian state-owned oil giant Petronas Monday denied any knowledge of alleged oil theft by the consortium it belongs to which is in the middle of a bitter dispute between Sudan and South Sudan.

South Sudan last month expelled the Chinese head of the country's largest oil firm, Petrodar, charging he colluded with former civil war foe Sudan to "steal" millions of barrels of its oil.

Petronas is a major shareholder in Petrodar along with Chinese state firm China National Petroleum Corporation.

Petronas president and CEO Shamsul Azhar Abbas denied knowledge of oil theft when asked for comment in the Malaysian capital Kuala Lumpur.

"That is subject of their investigation. As far as we are concerned on the ground there is no such thing happening," he said at a news conference to announce Petronas corporate earnings.

South Sudan's expulsion of Chinese national Liu Yingcai came after an investigation by the world's newest nation into millions of barrels of oil that South Sudan claims Khartoum stole.

Last month South Sudan vowed to halt oil production of around 350,000 barrels per day until Sudan repaid 2.4 million barrels of southern crude it confiscated from pipelines running through the north to its Red Sea port.

South Sudan split from the north last year but while it has most of the oil, Khartoum controls the pipeline and has access to the sea, sparking a furious argument and fears of renewed conflict.

Juba has accused oil companies operating on its territory -- which until last year had previously been working with officials in Khartoum -- of underreporting the number of oil wells, and aiding the north's confiscation of crude.

Petrodar has previously rejected such accusations.

China is a key ally of Khartoum's and major buyer of Sudanese oil.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Oil prices up in Asian trade
Singapore (AFP) March 5, 2012
Oil prices rose in Asian trade Monday on prospects for stronger US economic growth and jitters sparked by sabre-rattling over crude producer Iran's nuclear programme, analysts said. New York's main contract, light sweet crude for delivery in April, gained 50 cents to $107.20 and Brent North Sea crude for April was up 32 cents to $123.97 in morning trade. "A rosier world economy needing m ... read more


ENERGY TECH
Israel to test Arrow-3 anti-missile system

Israel deploys Iron Dome ABM battery

Tel Aviv to get missile interceptor system: army

India says missile shield test a success

ENERGY TECH
Pakistan test fires short-range ballistic missile

Raytheon Completes First Test of JSOW-ER Warhead

US Army Fires Raytheon Griffin Missile During Forward Operating Base Protection Test

Raytheon Engages Malaysian Industry for Missile Work

ENERGY TECH
CU Team's Efficient Unmanned Aircraft Jetting Toward Commercialization

Drone makers cashing in as war tactics evolve

Northrop Grumman BAMS Unmanned Aircraft System Program Achieves Two Major Milestones

Innocon has received an order for its MiniFalcon II Tactical UAV

ENERGY TECH
Raytheon And DARPA to Help Friendly Forces Communicate While Conducting Electronic Warfare

Lockheed Martin Team Completes On-Orbit Testing Of First AEHF Satellite

Raytheon's US Air Force Satellite Terminal Achieves Two Critical Milestones

Northrop Grumman Airborne Network Demonstrates Tactical Potential at Army Integration Exercise

ENERGY TECH
Soldiers recover bodies from Congo blast site

Raytheon Demonstrates Enhanced Capabilities for TOW

Northrop Grumman to Upgrade Software for the LN-251 Navigation System on the CH-53K Helicopter

Finding explosives with laser beams

ENERGY TECH
Japan, Britain eye joint arms development: media

India sets date for scrapping MiG-21 jets

Boeing wins support deal for Seoul's F-15s

US still interested in Brazil warplanes

ENERGY TECH
Japan 'concerned' over China military budget boost

China congratulates Russia's Putin on election

Double-digit rise for China's defence spending

Putin set to reclaim Kremlin in landslide poll win

ENERGY TECH
New measuring techniques can improve efficiency, safety of nanoparticles

Nanofiber Breakthrough Holds Promise for Medicine and Microprocessors

Novel method to make nanomaterials discovered

New study may lead to MRIs on a nanoscale


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement