Watching The World: Trafigura in hot water

Trafigura Beheer BV was in hot water last week after buying a cargo of Nile Blend crude aboard the MT Ratna Shradha, which was poised to offload at Japan's Kiire terminal, owned by JX Nippon Oil & Energy. "This is stolen oil and our legal experts are pursuing whoever buys it," said South Sudan's Information Minister Barnaba Benjamin after the country took legal measures to track down several vessels carrying the stolen oil across the globe. South Sudanese authorities said the MT Ratna Shradha, owned by India Steamship, a unit of Chambal Fertilizers & Chemicals Ltd., was loaded with 600,000 bbl of oil provided by Khartoum-based oil producer Greater Nile Petroleum Operatin...

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