SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tomas who wrote (1515)3/8/2000 11:09:00 PM
From: Tomas   of 2742
 
Government In Talks With Oil-Rich Sudan - Business Day (Thailand), March 8

The Government has discussed the possibility of co-investment with Sudan in the oil and energy sectors, according to Industry Minister Suwat Liptapanlop.

Suwat said that he and Awad Ahmed Al-Jaz, the minister of Sudan Energy and Minerals, yesterday spoke about the possibility of co-investment in energy, especially oil, in Sudan - a Northern Africa nation recently discovered to be rich in oil.

The quantity of crude deposits is unclear, said the minister, adding that Sudan wants energy experts to do extensive exploration and research into the newly-discovered oil field.

Suwat said this opportunity comes at the right time for Thailand because of the great demand for oil. He has already assigned the Petroleum Authority of Thailand Exploration and Production (PTTEP) to set up a committee to conduct a feasibility study of the project.

In addition, the Government is soliciting Thai investors to invest in construction of utility infrastructure, minerals exploration as well as dam and power plant construction.

The Industry Minister is also considering offers and plans with the private sector. The ministry also views this as a big break for Thai construction firms to invest in Sudan while the construction business here is idle.

Suwat said PTTEP is looking into the possibility of buying crude from Sudan. The African nation had offered an attractive crude price - US$1-$2 cheaper than OPEC's product. Furthermore, Sudan's crude is low in sulfur content which is environmental friendly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News