LEAK: South Sudan paying foreign companies with crude oil

A leaked memo from Ministry of Petroleum to a foreign investment company alleges that the government has resorted to paying companies with barrels of crude oil.

The letter was written to Sudan’s investment company, Al Cardinal Group of Investment Companies by the office of the petroleum minister addressing the payment of outstanding bill rendered by the company to the government. According to the letter, the president directed the ministry of petroleum through his office manager Hon. Mayiik Ayii Deng, to pay Al Cardinal from January 2018 to may 2019 a total of 3,733,208 barrels of crude oil.

We contacted sources in the office of the president inquire about what services the government was paying with crude oil but they declined to comment due to fear of reprisal.

According to an economic analyst, the barrels are worth over $223.9 million.

The Al Cardinal group of companies, headed by investor Asraf Seed Ahmed, last month built a modern kidney hospital which was handed over to the government.