LONDON: Trading house BB Energy has filed a case against South Sudan in London for failing to deliver oil owed under a pre-payment deal, according to court filings and a company spokesperson.
One of the poorest countries in the world, South Sudan has endured two civil wars in the past 15 years and is grappling with increased debt and a shaky peace deal. In March, the government placed its petroleum minister, as well as other officials, under house arrest.
BB Energy DMCC filed the case last month, court records showed. A company spokesperson told Reuters the action was necessary to preserve BB Energy's rights under a contract with the Ministry of Petroleum.
"As yet, they have defaulted on delivery," the spokesperson said. "We are currently in the process of serving formal proceedings; however we are always looking to find an amicable solution, especially considering our long-term interests in the country."
Officials in South Sudan did not immediately respond to a request for comment on the case.
