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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1163)	6/30/1999 9:22:00 AM
From: Tomas	Respond to of 2742

Iraq Oil Minister In Sudan To Boost Energy Cooperation - Report BAGHDAD (AP) June 30 --Iraq's oil minister is in Sudan for talks on boosting energy cooperation, the ruling Baath party newspaper al-Thawra reported Wednesday. The paper said Amer Mohammed Rashid was on a mission to see what assistance this impoverished Arab country needs to exploit its huge and yet untapped oil wealth. Rashid, in a press conference last week, said Iraq was ready to extend any help Sudan needed to set up an oil industry. Iraqi engineers participated in the construction of the Sudanese oil terminal on the Red Sea. Iraqi oil companies, according to Rashid, were extending consultation to the Sudanese government on how to develop its oil resources. Iraq helped Sudan build a refinery before the U.N. imposed sanctions on Baghdad to punish its 1990 invasion of Kuwait. Iraqi engineers have become ingenious in making repairs with limited materials under sanctions and Rashid said Baghdad was passing "this accumulated experience to the brotherly people of Sudan." Sudan has already inaugurated a 1,000-mile pipeline to carry about 150,000 barrels of oil per day from the isolated, semi-desert region of Heglig to the Red Sea for exports by the end of September. The amount is expected to be quickly increased to at least 250,000 b/d. The project is part of $3 billion investment mainly by foreign firms.

To: Tomas who wrote (1163)	6/30/1999 9:25:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan's first private sector oil refinery inaugurated KHARTOUM, June 30 (AFP) - Sudanese President Omar al-Beshir Wednesday inaugurated the country's first private sector oil refinery in the Khartoum suburb of Al-Shajarah. Concorp refinery is owned by Sudanese businessman Mohamed Abdallah Jar al-Nabi who in 1992 bought concessions of the American oil company Chevron in Sudan. The refinery, which cost 15 million dollars, will refine 10,000 barrels per day, producing an annual 80,000 tonnes of naphtha, 62,000 tonnes of kerosene, 127,000 tonnes of gasoline and 163,000 tonnes of fuel oil. At the end of last month Beshir inaugurated a one billion dollar oil export pipeline in the central town of Higleig that will carry the country's oil to the specially built Red Sea harbour of Beshair. The 1,600-kilometer (1,000-mile) pipeline, costing about one billion dollars, was built by a consortium of Chinese, German, Argentine, British and Malaysian companies with a total pumping capacity of 450,000 barrels per day (bpd), according to sources in the energy and mining ministry. Initially, the pipeline, which is 28 inches (70 centimeters) in diameter, will pump 150,000 bpd, the sources said. The opening of the Concorp refinery was part of the 10th anniversary celebrations of the coup which brought Beshir to power.