Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    UPDATE 1-Tanker with Sudan crude oil waiting to dock in Japan

    SINGAPORE, Feb 20 (Reuters) - An oil tanker carrying a

    cargo of disputed Sudanese crude is awaiting permission to dock

    at Japan's Kiire terminal because of uncertainty surrounding the

    ownership of the oil, sources said on Monday.

    The Ratna Shradha, which is owned by India Steamship, has

    been anchored off southwest Japan since Feb. 14, sources said.

    South Sudanese authorities had said the Ratna Shradha was

    loaded with 600,000 barrels of oil in Sudan provided by

    Khartoum-based oil producer Greater Nile Petroleum Operating

    Company between January 19-20.

    South Sudan claims the crude oil was seized and sold by its

    neighbour and former civil war foe, Sudan. The two countries are

    at loggerheads over a host of issues including transit fees,

    which Khartoum is demanding from landlocked South Sudan for the

    movement of its crude to the Port of Sudan.

    "(The) Ratna Shradha is still drifting out at sea, waiting

    to berth at Kiire. She is coming to Japan to discharge," said a

    shipping industry source involved in the matter.

    The docking schedule for this week did not have the Ratna

    Shradha unloading, he added, indicating that the ship may only

    be able to dock next week at the earliest.

    India Steamship, a unit of Chambal Fertilisers and Chemicals

    Ltd., declined to comment.

    Trafigura, the world's third largest oil trader, bought one

    cargo of the Nile Blend grade crude loaded aboard the vessel,

    industry sources familiar with the transaction said, and is now

    in a legal dispute over ownership.

    (Reporting by Randy Fabi and Luke Pachymuthu; Editing by Miral

    Fahmy)

     

    1 comment

    • Mohamed  •  Riyadh, Saudi Arabia  •  2 months ago
      Citizens in the two parts of Sudan have never harvested benefits from the corruptedly administrated fortune of oil. This dispute will just cause oil to have a new further step from hungry mouthes in the two restive countries.