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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1158)6/29/1999 10:02:00 AM
From: Tomas  Read Replies (2) of 2742
 
Cairo (dpa) [German News Agency] June 29 - Sudanese opposition groups based abroad have warned the Khartoum military regime that they will carry out attacks on the country's oil industry should oil exports begin before a peace settlement is reached.

"It is not very advisable to start oil exports under conditions of war," Sudan's last freely elected prime minister, Sadik el Mahdi, said on Tuesday in Cairo.

Speaking for the opposition groups, Mahdi presented a critical evaluation of the Islamic fundamentalist regime, which assumed power in a military putsch ten years ago Wednesday.

Referring to the planned start of oil exports, Mahdi said it was not advisable to solve the country's economic problems without settling the political ones.

He noted that "the oil industry is very vulnerable" and added that it would not be acceptable for oil earnings to be used for even more war operations.

According to foreign oil companies, the Sudanese government is planning to export roughly 200,000 barrels of oil (one barrel equals 159 litres) per day.

After deducting payments to the oil firms for fees and credits from the two million U.S. dollars expected to be earned per day, the government would be left with a net profit of some 200,000 dollars daily.

The oil is to be pumped through 1,600-kilometre long pipelines from northern Sudan to the Red Sea port of Port Sudan.
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sudan.net
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