Lessons for Uganda as South Sudan regains oil financing access
South Sudan has regained access to crude-backed financing after reaching a partial settlement with commodities trader BB Energy. This agreement allows the government to receive advance payments for future oil exports through 2026.
Why it matters
Restoring oil financing is critical for South Sudan's economic stability and highlights the complexities of international commodity trading and legal disputes.
AFRICA , Business , In The Magazine Leave a comment
Settlement with BB Energy restores crude-backed financing access while underscoring the need for careful management of future petroleum revenues
Juba, South Sudan | AGENCIES | South Sudan has regained limited access to advance financing against its future crude oil exports after reaching an agreement with commodities trader BB Energy to partially settle a dispute that had led to restrictions imposed by a London court.
The agreement comes weeks after the High Court in London upheld an injunction that prevented South Sudan from entering new oil prepayment arrangements while a legal dispute with BB Energy remained unresolved.
“BB Energy is pleased to announce that it has been awarded three additional crude oil cargoes by the Republic of South Sudan, scheduled for delivery in August, September and November 2026,” reads a press statement by BB Energy.
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