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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1661)5/18/2000 8:52:00 AM
From: Tomas  Read Replies (1) of 2742
 
Sudan earns trade surplus with oil exports

KHARTOUM, May 18 (AFP) - New Sudanese oil exports helped move
the country's trade balance from deficit to surplus in the first
quarter of 2000 compared with the same period the previous year, a
press report said Thursday.

Oil exports accounted for 25 percent of state revenue from
January to April, creating a trade surplus of 57.4 million dollars
compared with a 142.1 million dollar deficit in the first quarter of
1999, Al-Rai Al-Akher said, quoting a finance ministry report.

Energy ministry secretary general Hassan Mohammed Ali al-Taum
meanwhile told reporters that a new refinery outside Khartoum is
producing 2,300 tonnes of gasoline a day, or three times the
country's consumption.

The surplus fuel will be piped to Port Sudan for export, he said.

Sudan, which has been in the throes of civil war since 1983,
began exporting crude oil for the first time last year from Port Sudan.
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