Bloomberg News

Petrodar Says It Has Reported Oil-Production Volumes Accurately

February 02, 2012

Feb. 2 (Bloomberg) -- Petrodar Operating Co., an oil- pipeline operator in Sudan, said it has reported production volumes to South Sudan’s government “accurately and transparently” since beginning output in 2006.

South Sudanese Oil Minister Stephen Dhieu Dau said on Jan. 27 his government would investigate whether Petrodar had under- reported output by 40,000 barrels per day.

“We have always operated in a professional and ethical manner in line with international standards and will continue to do so in future,” Petrodar said in an e-mailed statement today from Juba, South Sudan’s capital.

British Virgin Islands-registered Petrodar’s shareholders include state-owned China National Petroleum Corp., Malaysia’s Petroliam Nasional Bhd and the government-controlled Sudan Petroleum Co.

To contact the reporter on this story: Jared Ferrie in Juba at jferrie1@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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