Inform, Inspire, Embolden. Reconcile!

Kuwait’s IPG Suing Eritrea For unpaid Bills

The Independent Petroleum Group (IPG) is suing Eritrea for Kuwait Dinars 19 million (apx. $65 million) due payments for petroleum delivered to Eritrea.
 

IPG resorted to the Court of Arbitration in London hoping “to obtain an arbitration award confirming that Eritrea and the Petroleum Corporation of Eritrea… should immediately pay IPG the value of delivered petroleum products.”
 
Kuwait News Agency (KUNA) reported that “IPG has been supplying petroleum products to the Petroleum Corporation of Eritrea (PCE) for more than 11 years.”
 
The Eritrean government is facing difficulties in meeting its international financial obligations due to severe shortages in hard currency.

IPG hopes to collect the due amount from Eritrea’s international assets, but the Eritrean government’s assets are registered under the names of individuals and dubious entities run by its extensive ruling party network.
 
Kuwait, though not as close as Qatar, is among the few Arab countries that until recently had close relations with the Eritrean Government.

 

Pinterest

Funeral Ceremony Held for Egyptian Terrorist Victims

10 Apr 2017 Gedab News Comments (11)

Amid tight security arrangements, and guarded by nervous armed Egyptian officers, funeral services were held for the victims of the…

Are Muslims or Muslim Societies Prone to Violence?

06 Apr 2017 Ismail Omer-Ali Comments (157)

I want to highlight three points in this article. First, I want to underscore the obvious fact that killing of…

Abreha The Adulisian And The Soi-Disant Agazians

07 Apr 2017 "Gheteb" Comments (242)

As an introduction and in an effort of rendering a general overview, here is a thumbnail account of a man named…

Ciham's Fifth Birthday Inside Isaias' Jail, More Arrests

03 Apr 2017 Awate Team Comments (162)

Today, April 4, 2017, Ciham Ali Abdu turns twenty inside an Eritrean prison. She was fifteen years old when she…

Music

Cartoons

Links

Follow Us

Email
Print