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South Sudan civil war still no deterrent to Chinese firms

Author: Toh Han Shih, South China Morning Post , Published on: 19 January 2014

Hundreds of Chinese nationals and tens of thousands of refugees are fleeing the worsening civil war in South Sudan, yet Chinese companies are still investing billions of dollars in the troubled region. "Chinese companies, notably CNPC..., have invested in the country in recent years because of the oil fields..." said...Global Witness...CNPC...[said] that CNPC's oil wells in remote parts of South Sudan have shut down and workers were evacuated...China Railway Construction...announced it won a US$1.45 billion contract to build a railway in the eastern part of Sudan. "The company will closely monitor the security situation and take appropriate measures to protect the security of personnel and assets..."...CRCC...said....Another firm staying put is Sinohydro...which announced...that it has completed grouting of its dam on the Upper Atbara River.

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Related companies: China National Petroleum Corporation (CNPC) China Railway Construction Sinohydro