China’s CNPC, Indian ONGC, and Malaysian Petronas may exit Sudan’s oil industry as the African country’s unpaid dues to the trio swell. The Economic Times reports these have reached US$500 million to date for ONGC alone, after several years during which troubled Sudan has failed to pay the three companies for oil extracted from their jointly operated blocks, 2A and 4. The Indian company has been seeking arbitrage on the receivables for a year now. CNPC is the largest partner in the project, with a stake of 40 percent, Petronas…
