The President of Petrodar Oil Firm Kicked Out of South Sudan

David Nealis President Blue Bridge

Liu Yingcai a Chinese national, the president of Petrodar Operating Company PDOC in the nation of South Sudan, PDOC the nation’s largest foreign oil firm has been given 72 hours to leave the nation.

The government of South Sudan released a statement in which a government investigation found Mr. Liu was found to be involved in a conspiracy with the government of Sudan to steal oil from South Sudan

Petrodar Operating Company is a consortium of oil firms to include State Owned Chinese oil firms and a Malaysian firm. According to their website PDOC is an operating company working in the industry of exploration, development, production and transportation of crude oil. It operates in blocks 3D, 3E and 7E which are located in the south east of Sudan with a total concession area of 72,420 sq. km. PDOC is incorporated under the laws of the British Virgin Islands and has a registered branch in Sudan.

China’s Oil Supply Takes Hit After Sudan Oil Cut

David Nealis President of Blue Bridge

   The nation of South Sudan has shut down its oil output, estimated at around 350,000 barrels per day (bpd), as it and its neighbor Sudan struggle to disentangle their oil industries, borders and debt. Before the shutdown, China imported most of their output, bringing in around 260,000 bpd last year, according to customs data. That loss, in addition to cuts China has made in imports from Iran as Beijing and Tehran bicker over contract terms, has left China looking for alternatives equivalent to around 10% of its imports or around 545,000 bpd.