Attacks on foreigners working on South Sudan’s oil and gas facilities serve as a warning for multinationals to stay away from the new country’s national resources, just as oil prices recover enough for Juba to begin profiting from the oil sector. Rebels in the northern portion of South Sudan said they had captured two Indians and One Pakistani during fighting that neared oil assets last month. Most of the oil in the country holding sub-Saharan Africa’s third-largest reserves is pumped by China National Petroleum Corp., Malaysia’s Petroliam Nasional Bhd., and Oil & Natural Gas Corp. of India. “The opposition is continuing a tactic of disrupting and dissuading renewed engagement from oil companies in South Sudan,” Luke Patey, an analyst at the Danish Institute for International Studies told World Oil. There are faint signs that anti-government forces are willing to work with international organizations to remediate their image as an […]