Arakis Fails To Secure Funds For Sudan Project; Cease-Fire Declared In South Sudan
The Calgary-based Arakis Energy Corporation - which holds a 25% interest through itswholly-owned subsidiary State Petroleum Corporation in the Sudan joint venture operatingthe Heglig and Unity concession in South Sudan - has announced that it was up for saleafter having failed to raise its $200mn share of the finance required this year for theSudan Petroleum Project (SPP). State...
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