oil-backed loans

South Sudan requests $2.5 billion in oil-backed loans from firms

South Sudan’s petroleum ministry requested $2.5 billion in oil-backed loans from international firms amid concerns about debt and corruption.

South Sudan requests $2.5 billion in oil-backed loans from firms Read More »

Oil deals drag South Sudan deeper into a mounting debt crisis

Sudan / Dalia

South Sudan faces mounting legal and financial pressure over nearly $2.3bn in unpaid oil-backed debts, worsened by civil war and declining oil output.

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