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

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To: Tomas who wrote (2546)	6/20/2001 10:46:23 PM
From: Tomas	of 2742

Sudan: "the great loser was America itself which lost the oil producing areas which are now in the hands of other companies" Sudan: Pressure groups in US Congress obstruct progress in ties SUNA news agency, 19 June Khartoum, 19 June: The president of the republic Gen Umar al-Bashir, has affirmed his conviction that the American administration has now a different vision from what is going on at the level of the Sudanese-American relations and that it sees its interests as laying with the Sudan, pointing out that pressure groups in the Congress are obstructing any attempt aimed at the progress in the relations between the US administration and the Sudan. The president pointed out in his briefing to the press delegation that accompanied him in his visit to Wau, capital of West Bahr al-Ghazal State, Monday [18 June] that any slow in the progress of the relations between the two countries was due to the fact that the current American administration was of the view that the previous policies adopted towards the Sudan did not lead to peace realization nor did they lead to the fall of the government and at the same time they did not render any good to the United States of America. He said the great loser was America itself which lost the oil producing areas which are now in the hands of other companies. He said we have scored big gain by the American withdrawal from the oil production in the Sudan, pointing out that the first gain was that the agreement that had been signed with Chevron oil company had given it a vast concession area extending from the western border up to the borders with Ethiopia in the east, pointing out that one of the loophole of granting such a vast area was that all losses would be considered as against one square when oil is discovered whereas it is different if every square is granted in a separate agreement. He said the second gain was that in the division of production, the share of Chevron oil company stood at 70 per cent while that of the current Greater Nile petroleum company stands now at 20 per cent and which means the government share stands at 80 per cent while it was only 30 per cent in the agreement with Chevron company. He said the Americans made a mistake by thinking that no one else would come in and work until they return due to the misleading information they disseminated about Sudanese oil resources, and their saying that the Sudanese reserve was small and of bad quality and that the Sudanese petroleum was full of wax making it freeze at 40 degree and that the cost of one barrel from production areas up to Port Sudan [eastern Sudan] would be some 27 dollars. The president pointed out that this was an attempt to prevent other companies from coming to work in their place. He [President Al-Bashir] said the Americans had discovered their wrong calculations when Sudan started working with State petroleum company and when it constructed the Ubayyid refinery [central] and started transporting petrol from the fields to the refinery without freezing and that the cost of transport from production areas was known, a matter that encouraged some 12 companies to enter in the Sudanese oil production.

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