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

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To: Tomas who wrote (1078)	5/13/1999 3:18:00 PM
From: Tomas	Read Replies (1) of 2742

Xinhua (May 12) DOHA -- Libyan Secretary for Economy and Trade Abdel-hafiz el-ziletti said in Doha that Libya is focusing on developing the oil and gas industry and boosting tourism and transit trade between European market, the north African coast and the Middle East. He made the remarks in an interview with the Arabic daily Al Haiyat on the sidelines of the Arab Financial Funds meeting in Doha. In the interview published Tuesday, the minister said his country lost 26 billion U.S. dollars as a result of the U.N. sanctions imposed on the north African state in 1992. The sanctions were suspended last month after two Libyans suspected of bombing a Pan Am airliner in 1988 were turned over for trial. He said that the 10 billion-dollar Great Artificial River project is to be completed by the end of next year. The project is to provide about 6 million cubic meters of water per day for farming and drinking.

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