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Trafigura linked to oil 'looted' from South Sudan

www.guardian.co.uk -- The Swiss-based commodities trader Trafigura has bought oil the South Sudanese government claims was seized by Sudan, its northern neighbour and former civil war enemy, according to industry sources.

Trafigura is now in a legal dispute over ownership, the sources told Reuters.

The tanker of crude oil is one of three seized cargoes, forming part of some $815m (£512m) in oil revenues, which South Sudan's president, Salva Kiir, accused Sudan of "looting"; the Sudanese government, in Khartoum, said the cargoes provided compensation for unpaid transit fees.

Landlocked South Sudan must pump its oil to the Red Sea via a pipeline across Sudan, to Port Sudan, to earn oil revenues, which account for 98% of the seven-month-old country's income.

Last month, South Sudan shut down its production of

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Submitted Feb 08, 2012 By: Cakes77

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humblepie Champion Author Toledo Posts:17,405 Points:2,011,270 Joined:Mar 2006	Message Posted: Feb 8, 2012 11:58:30 AM Ignore humblepie Report Abuse all goes for graft and payoffs anyway
K9LO Champion Author North Dakota Posts:1,417 Points:307,940 Joined:Nov 2010	Message Posted: Feb 8, 2012 11:01:27 AM Ignore K9LO Report Abuse Its crooks stealing from crooks.
hoosierva All-Star Author Indianapolis Posts:983 Points:240,525 Joined:Jul 2011	Message Posted: Feb 8, 2012 10:56:11 AM Ignore hoosierva Report Abuse seriously we are shocked by theft and greed? come on people.
graceman Champion Author Baltimore Posts:3,751 Points:917,820 Joined:Jun 2008	Message Posted: Feb 8, 2012 9:45:13 AM Ignore graceman Report Abuse Let them pay for their crimes.
gasrat6083 Champion Author Long Island Posts:1,694 Points:839,855 Joined:Sep 2005	Message Posted: Feb 8, 2012 8:52:01 AM Ignore gasrat6083 Report Abuse A dirty business, both literally and figuratively.
Cakes77 Champion Author Harrisburg Posts:3,499 Points:1,332,255 Joined:Aug 2006	Message Posted: Feb 8, 2012 8:19:53 AM Ignore Cakes77 Report Abuse Thanks for your nice comments folks on this article. Keep them coming!
dorisntx Champion Author Fort Worth Posts:1,272 Points:337,700 Joined:Apr 2011	Message Posted: Feb 8, 2012 8:09:45 AM Ignore dorisntx Report Abuse busted!!
GingoutMD Champion Author Maryland Posts:2,674 Points:547,430 Joined:Jan 2010	Message Posted: Feb 8, 2012 7:36:53 AM Ignore GingoutMD Report Abuse Oh well, that will be tied up on courts until the end of time.