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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tomas who wrote (1269)8/31/1999 3:29:00 PM
From: Tomas  Read Replies (1) of 2742
 
SUNA Petroleum News Digest - Sudan Enjoys Good Oil Reserve: Chinese Oil Company Official

Khartoum, Aug. 31 (SUNA)- The First Deputy Chairman of the Chinese National
Petroleum Company and head of the Chinese delegation, which participated in
Sudan's celebration of the exportation of its petroleum Monday, said that
Sudan is enjoying a good reserve of petroleum.

In a press statement to SUNA, the Chinese company's official indicated that
the Sudanese crude is of good quality and expected to have a bright future
at the international markets.

Meanwhile, he congratulated the Sudanese government and people on
commencement of oil exportation, hoping that the petroleum project will
consolidate further the cooperation between Sudan and China.

He said that Sudan oil project has been achieved in a record time of less
than two years, thanks to the cooperation between the Sudanese, Chinese,
Malaysian and Canadian companies.

He hoped the relations between Sudan and China will approach more horizons
of cooperation.

The Chinese National Petroleum Company also take part in implementing the
project of Khartoum oil refinery, he added.

**************************************************

Egyptian Petroleum Minister Says Oil Production Opens New Horizons For Sudan

Bashair, Aug. 31 (SUNA)- Egyptian Petroleum Minister, Hamdi Albanbi,
underlined that a bright future was ahead for the Sudan which began its oil
exportation on Monday, pointing out that he came to participate in Sudan's
celebrations of this great accomplishment.

In a statement to the Sudan News Agency(SUNA), the Egyptian minister said
Sudan has been exerting tremendous efforts to produce its petroleum.

He said he would take the opportunity to hold talks with his Sudanese
counterpart Dr Awad Al-Jaz on consolidation of joint cooperation in the
various domains.

**************************************************

Petroleum Exportation Would Give New Impetus To National Economy: Finance Minister

Bashair, Aug. 31 (SUNA)- Finance and National Economy Minister Dr.
Abdel-Wahab Osman said the exports of the Sudanese petroleum would boost the
national economy by providing additional financial resources.

He told the Sudan News Agency (SUNA) that these new resources would be used
to effect social and human development, increase production and productivity
as well as removing bottle necks in the economic development in the country.

He said the utilizatation of the Sudanese oil would bring in up to date
technologies to the country a matter that would increase production and
productivity of the existing factories as well as in the domain of
agricultural production.

**************************************************

Wide Foreign Participation In Oil Celebrations Reflects Openness Of Sudan'S Relations

Bashair, Aug. 31 (SUNA)- External Relations Minister Dr. Mustafa Osman
Ismail affirmed that the wide foreign participation from sisterly and
friendly states and international companies and institutions in the Sudan's
celebrations of the exportation of petroleum reflected the openness of
Sudan's foreign relations.

The Minister said in a statement to SUNA that the inauguration of the
Sudanese oil export was a historic day for the Sudan, on which the Salvation
Revolution fulfilled its promise to the Sudanese people and brought about
the oil dream into reality.

Dr. Ismail lauded the states and companies which supported the Sudan in the
realization of the oil project.

Meanwhile , Dr. Ismail affirmed that the Sudanese foreign relations are
progressing ahead, adding that the recent IMF decision considering Sudan a
co-operating country demonstrated the progress of the Sudanese foreign
relations.

sudan.net
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