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Gold/Mining/Energy : TLM.TSE Talisman Energy
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To: Mantis who wrote (504)10/22/1999 10:23:00 AM
From: Tomas  Read Replies (1) of 1713
 
Petronas says fighting not affecting Sudan project

KUALA LUMPUR, Oct 22 (Reuters) - Malaysia's state oil company Petronas said on Friday its southern Sudan oil project was not affected by reported shelling in a region not far from its operations.

Petronas officials said they had not heard of fighting near the town of Bentiu in Unity state, reported by travelers to the region on Thursday.

``We have not heard of anything, and we are operating as normal,' a Petronas official told Reuters.

Petronas has a 30 percent equity in the recently completed project. The other partners are Talisman Energy Inc (Toronto:TLM.TO - news) of Canada (25 percent), the China National Petroleum Corp (40 percent) and the Sudan government (five percent).

A Talisman spokesman said on Thursday oil from the development -- located in the Heglig area west across the Nile River from Bentiu -- was still flowing normally at a rate of about 135,000 barrels a day.

Travelers who arrived in Khartoum, capital of Sudan, in army aircraft and other means told Reuters on Thursday that Bentiu was being bombarded by troops of renegade commander Peter Gadiet.

Gadiet was operations commander of the pro-government forces of Paulino Matip, but was said to have rejoined the main rebel Sudan People's Liberation Army last month.

biz.yahoo.com
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