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

To: Tomas who wrote (1173)	7/5/1999 10:22:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan: First Vice President, Chinese Minister Visit Heglieg Oil Field Khartoum, July 2 (SUNA)- First Vice President Ali Osman Mohamed Taha, accompanied by the Chinese Minister of Lands and Natural Resources, Zhou Young Kong, paid a visit to Heglieg oil field in Western Kordofan State Thursday on the occasion of the completion of surface installations in the field, which was implemented by the Chinese National Petroleum Company. The First Vice President and the Chinese Minister were briefed during the visit by the Director General of the Greater Nile Petroleum Operating Company(GNPOC) on the activities of the company, and its concession rights at Heglieg area as well as on the oil pipeline. Meanwhile, Energy and Mining Minister Dr. Awad Al-Jaz explained in a statement to SUNA that the visit to Heglieg came as part of the Chinese delegation's participation in Sudan's celebrations marking the 10th anniversary of the National Salvation Revolution. He pointed out that the Chinese companies have fulfilled their commitments towards implementation of the oil pipeline and surface works at Heglieg field. The minister affirmed that the Sudan will soon celebrate exporting its petroleum, pointing out that more oil fields have been discovered in the country. He called on the national and foreign companies to invest in the petroleum and other resources in the Sudan. Meanwhile, the Chinese Minister affirmed in a statement to SUNA China's keenness on enhancing cooperation with the Sudan in the economic, commercial and investment fields for mutual benefit and development in the two countries. He said China has laid a solid foundation for its relations with the Sudan by accomplishing the Sudanese petroleum project at Heglieg and executing 1500 kilometres of oil pipeline as well as Khartoum refinery, whose capacity amounts to 25 million tonnes annually. Meanwhile, the Ministry of Energy and Mining, in collaboration with the Chinese CNPC organized a celebration at the Friendship Hall here Thursday night in honour of the visit of the Chinese minister and the accompanying delegation. The occasion was addressed by Dr. Al-Jaz, who stressed the strong relations linking the Sudan and China and called for more joint cooperation. He affirmed that the Sudan's doors will remain open before Chinese investments in all spheres, pointing to the vast resources Sudan enjoys. The Chinese Minister, at his part, commended the development process the Sudan undergoes and congratulated the Sudan Government and people over the completion of the oil project, saying that the accomplishment is a fruit of joint cooperation.

To: Tomas who wrote (1173)	7/14/1999 10:19:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Papua New Guinea: It's good news for gas project, say oil firms The National, July 15 BRISBANE: Sir Mekere Morauta's appointment as the new prime minister yesterday heralded good news for the proposed PNG to Queensland gas pipeline and other major projects, mining leaders said. Oil Search Ltd managing director Peter Botten said Sir Mekere's appointment was extremely positive for the business community and Oil Search's activities, especially the pipeline project in which it is a major participant. "It's one project that is going to move PNG out of some of its economic problems and change its outlook for the next 30 years," Mr Botten said. "A united and coherent government in PNG at this very critical time is very important for that project and we're very encouraged by what happened today." Cliff Leggoe, external affairs manager for project co-ordinator Chevron, said the pipeline has always enjoyed bipartisan support in PNG. "We expect this level of support to continue," he said. Mr Botten said Sir Mekere's experience as a former governor of the PNG central banker and in Treasury will be seen as a major positive by the investment community worldwide. wr.com.au