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

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To: Tomas who wrote (1786)8/15/2000 10:22:17 PM
From: Tomas  Read Replies (2) of 2742
 
Vietnam, UK Partnership Buys Offshore Malaysian Oil & Gas Lots

HANOI, Aug 10 (Asia Pulse) - The PETROVIETNAM Supervision Company (PVSC) for Product Sharing Contracts, along with UK company AMERDAHESS Malaysia Ltd have a contract with Malaysia's Carigani S.B to acquire the latter's off-shore lots PM 304 and SK 306.
Under the contract, PVSC will own 4.5 percent of the holdings.

This is the second contract PVSC has signed in foreign countries while expanding investment cooperation and promoting domestic investment. Earlier, PVSC signed an oil and gas contract with the US's SOCO I.P for lots in Mongolia's TAMSAG area.

The company will continue seeking opportunities to gradually enhance its activities in Southeast Asia, the Middle East, North Africa, Russia and other regions in the world.
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