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

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To: Tomas who wrote (2708)	8/22/2001 11:49:13 PM
From: Tomas	Read Replies (1) of 2742

Sudan: Foreign Direct Investments Valued Infoprod, August 21 According to Al-Bayan newspaper (August 16, 2001), statistics reveal that foreign direct investments (FDI) into Sudan reached $6.3 billion over the past decade, according to Al-Bayan daily. Of this amount, Sudan's energy sector received 44.8 percent; industry, 40.9 percent; economic services, 6.7 percent; transportation, 4.4 percent and agriculture, with 3.2 percent. The relatively large sums of capital entering Sudan during the nineties have been attributed to the nation's liberalized economic policy. Furthermore, Sudan has been trying desperately to normalize its political situation as well as relations with financial situations worldwide as internal strife has continued to plague it. While some investors stress the fact that Sudan offers tremendous investment opportunities in such fields as oil and agriculture, the United States has condemned Sudan for sponsoring terrorism. Although some economic cooperation has resumed in recent times, the United States officially broke off ties with Sudan in 1996.

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