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

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To: Tomas who wrote (2687)8/7/2001 6:08:08 PM
From: Tomas  Read Replies (1) of 2742
 
Russia interested in exploring oil in Sudan
Text of report in English by Suna news agency on 6 August

Khartoum, 5 August: The secretary-general of the Ministry of Energy and Mining, Engineer Hasan Muhammad Ali Al-Tawm, said that negotiations with the Russian Slavneft oil company is due to begin in current August, prior to signing an agreement for oil exploration in Block 9, central Sudan.

He said in a statement to Suna [Sudanese news agency] that the Russian company expressed desire to get licence for exploring oil at Block 9 in central Sudan.

Engineer Al-Tawm said that Japanese companies also expressed desire to obtain licence for oil exploration at Block 12 in northwestern Sudan, adding that the ministry is ready for negotiation with these companies in Khartoum.

He said that Bambo oilfield, north of Hijlij [southern Sudan], began producing 15,000 barrels daily, adding the field's production is expected to increase to 30,000 barrels per day by the end of the current year.

The average of the Sudanese oil production will exceed 220,000 barrels per day by the end of the current year 2001, he said.

Meanwhile, the secretary-general affirmed the ministry's readiness for cooperation with Kenya in the field of oil supply, in the context of the COMESA [Common Market for Eastern and Southern Africa] agreement, for the interest of the two countries.

He pointed out that Sudan is facing no problem as regards the marketing of petroleum and its products. He referred to an agreement concluded for supplying Ethiopia with petroleum via land transport, adding that implementation of the agreement will begin early next year.

He indicated that work is progressing to construct the oil pipeline between Bashayr Port and Port-Sudan [eastern Sudan] oil refinery, adding that the construction of this pipeline would be concluded by the end of next October.

Engineer Al-Tawm has affirmed the government keenness to establish development projects and to provide social, health, education, electricity power, roads and water services at the oil production areas, adding big funds from the petroleum revenues had been assigned in this regard.
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