Swedish oil company suspected of violating international law
Lundin Petroleum has allegedly paid warlords to drive out the local population in an oil-rich region during the civil war in Sudan. The company denies the charges, but executive management is officially under suspicion.
BY JENS NIELSEN
The Chairman and the CEO of Lundin Petroleum are, according to Swedish media, under the suspicion of severe violations to international law.
The multinational commodity trader navigated through a turbulent market in fiscal 2022, which ended in September, but nonetheless closed the year with a record result. Challenging conditions will carry on into 2023.
Serious dissatisfaction is emanating from European capitals regarding the Energy Charter Treaty for protecting fossil energy investments, thus prompting the EU Commission to assess its options for a collective exit.