Industry

South Sudan Hires Ex-Blackwater Chief to Restore War-Damaged Oil Facilities

“The former head of U.S. security company Blackwater USA, Erik Prince, was hired by South Sudan to help repair damaged oil facilities and boost output cut by a year of civil war.

Prince’s Frontier Services Group Ltd. (500), a Hong Kong-listed logistics and transportation company, is being paid 18.7 million euros ($23.3 million) by South Sudan’s Ministry of Petroleum to transport supplies and perform maintenance on production facilities at the oil fields, Chief Executive Officer Gregg Smith said by phone from New York yesterday. About 30 employees including pilots, engineers and logistics technicians have been using helicopters and airplanes to reach South Sudan’s oil fields since September, Smith said.”

Source:South Sudan Hires Ex-Blackwater Chief to Restore War-Damaged Oil Facilities – Bloomberg

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