Beirut airport to close Sunday during funeral of slain Hezbollah leader

LONDON: Trading house BB Energy has filed a case against South Sudan in London for failing to deliver oil owed under a pre-payment deal, according to court filings and a company spokesperson.

One of the poorest countries in the world, South Sudan has endured two civil wars in the past 15 years and is grappling with increased debt and a shaky peace deal. In March, the government placed its petroleum minister, as well as other officials, under house arrest.

BB Energy DMCC filed the case last month, court records showed. A company spokesperson told Reuters the action was necessary to preserve BB Energy's rights under a contract with the Ministry of Petroleum.

"As yet, they have defaulted on delivery," the spokesperson said. "We are currently in the process of serving formal proceedings; however we are always looking to find an amicable solution, especially considering our long-term interests in the country."

Officials in South Sudan did not immediately respond to a request for comment on the case.

Oil trader Vitol also filed a case against South Sudan in London in May, but said it had since resolved the issue. Sources told Reuters that case related to a single cancelled oil cargo.

In May, a London court ordered South Sudan to pay Afreximbank $657 million over defaulted loans. The IMF pegged South Sudan's total public debt at $3.7 billion as of 2023, with $550 million of the total owed to oil companies.

At its peak before the civil war, South Sudan's crude oil production stood at 350,000 to 400,000 barrels per day, but that tumbled to just 72,000 bpd last year, according to OPEC data, after a damaged oil pipeline halted exports.

The pipeline resumed operations in June, and the country pumped 138,000 bpd that month.

GAZA CITY, Palestinian Territories: Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more than two weeks of indirect talks in Qatar have failed to yield a truce.

“Hamas has just submitted its response and that of the Palestinian factions to the ceasefire proposal to the mediators,” the Palestinian militant group said in a statement on Telegram.

The response included proposed amendments to clauses on the entry of aid, maps of areas from which the Israeli army should withdraw, and guarantees on securing a permanent end to the war, according to a Palestinian source familiar with ongoing talks in Doha.

Negotiators from both sides have been holding indirect talks in Doha with mediators in an attempt to reach an agreement on a truce deal that would see the release of Israeli hostages.

Of the 251 hostages taken during Hamas’s 2023 attack, 49 are still being held in Gaza, including 27 the Israeli military says are dead.

But the talks have dragged on for more than two weeks without a breakthrough, with each side blaming the other for refusing to budge on their key demands.

For Israel, dismantling Hamas’s military and governing capabilities is non-negotiable, while Hamas demands firm guarantees on a lasting truce, a full withdrawal of Israeli troops and the free flow of aid into Gaza.

Israeli government spokesman David Mencer on Wednesday accused Hamas of obstructing talks.

“Israel has agreed to the Qatari proposal and the updated (US special envoy Steve) Witkoff proposal, it is Hamas that is refusing,” Mencer told reporters, adding that Israel’s negotiating team was still in Doha and talks were ongoing.

The United States said Witkoff will head to Europe this week for talks on a possible ceasefire and an aid corridor.

More than 100 aid organizations warned on Wednesday that “mass starvation” was spreading in Gaza.