War-Ravaged South Sudan Draws $500 Million Oranto Oil Bet | WHAT REALLY HAPPENED


War-Ravaged South Sudan Draws $500 Million Oranto Oil Bet

Nigeria’s Oranto Petroleum International Ltd. plans to bet half a billion dollars that Africa’s newest nation can end a three-year civil war and create the conditions to revive its oil industry.

Oranto, a closely held company part-owned by the Eze family that also has assets in Equatorial Guinea and Nigeria, plans to invest $500 million to develop the oil block awarded by South Sudan earlier this month.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA