European Coalition for Oil in Sudan (ECOS)
Oil. Fuel for a better Sudan?
Oil & Business Principles
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Major shareholders propose independent review of Lundin Petroleum
Lundin Petroleum invited institutional shareholders to an information meeting. There have been demands from the shareholders for an independent review of Lundin Petroleum’s activities.
Lundin’s owners want to see a review
Lundin Petroleumon 20 March invited its institutional shareholders to a meeting in Stockholm to discuss among other issues the criticism levelled at the oil company for its business dealings in totalitarian states.
They are sharing the oil profits
A preliminary criminal investigation is being conducted into the oil company Lundin Petroleum’s actions in South Sudan. More than half of the Swedish ministers in the government have shares in funds that have invested money in Lundin Petroleum.
Comment: The heart of the matter is the money – but at what cost is it worth saving?
Not only ministers but also prominent insurance companies and pension fund managers invest their money in Lundin Petroleum.
The Minister: There were peace agreements
Carl Bildt sat on Lundin’s board from 2002 to 2006. Aftonbladet asked the Foreign Minister to comment on witness statements about Lundin’s involvement in crimes under international law
No-one has received any help here, Bildt
A preliminary criminal investigation is underway into the oil company Lundin Petroleum, formerly Lundin Oil. Aftonbladet returned to the scene of the alleged crimes in South Sudan. They have met victims who bear witness to murder and mass expulsions when Lundin arrived in the area.
They are the forgotten victims of the oil
Aftonbladet have returned to the site of the alleged crimes in ECOS' report Unpaid Debt. In Unity State, South Sudan, they meet people whose lives were ruined when Lundin Oil moved in.
South Sudan to review oil contracts after expelling PETRODAR chief
South Sudan on Wednesday said it has started reviewing all oil contracts signed by the government of neighboring Sudan before the region’s independence, one day after Juba expelled the head of a Chinese oil company.
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