South Sudan’s oil ministry revokes allocation of crude oil cargo – Sudans Publish

JUBA – South Sudan’s ministry of petroleum has revoked the allocation of a crude oil cargo to Triple A Companies and Petroleum, citing the native firm’s failure to register within the regional and worldwide oil lifting markets.

In a letter dated September 10, 2024, Garang Majak Bol, the undersecretary of South Sudan’s Ministry of Finance and Planning, requested the Ministry of Petroleum to course of an allocation of a crude oil cargo for Triple A Companies and Petroleum in April 2025.

“I’m writing to respectfully request your workplace to objective allocation of One (1) Crude Oil Cargo for the month of April 2025 to Triple A Companies and Petroleum Ltd as directed by the Minister of Finance and Planning,” the letter, reviewed by Sudans Publish, said with out detailing the supposed objective of the allocation.

Triple A Petroleum Restricted positions itself as “a regionally integrated firm within the Republic of South Sudan and wholly owned by South Sudanese.” The corporate claims to specialise in petroleum merchandise, gasoline, and lubricants, providing a variety of aggressive companies throughout numerous industries.

Nevertheless, the scenario took a flip when a letter addressed to the CEO of Triple A, Atong Amos Agook, was additionally seen by Sudans Publish.

On this correspondence, the undersecretary of the oil ministry formally revoked the allocation of the crude oil cargo. The letter cited the corporate’s failure to register with regional and worldwide oil lifting markets as the rationale for the revocation.

“Ministry of Petroleum, Republic of South Sudan, scrutinizes and in the end registers potential oil lifting firms by way of a set of technical necessities, together with, however not restricted to, checking their presence in each regional and worldwide oil lifting markets, submission of monetary statements, approval by the Financial institution of South Sudan (BSS). Triple A Companies and Petroleum Ltd is just not registered as one of many oil advertising firms,” Deng’s letter said.

“Premised on the foregoing, MoP is hereby informing your revered workplace concerning the revocation of allocation of 1 (1) cargo of Nile Mix equal to 600,000 bbl as a result of lack of registration and conflicting schedules,” the letter concluded.

Whereas Sudans Publish couldn’t confirm any official approval from the oil ministry concerning the cargo allocation, the content material of the undersecretary’s preliminary communication to the corporate means that the ministry had certainly permitted the cargo earlier than its subsequent revocation.