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

To: Tomas who wrote (1222)	8/2/1999 1:19:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Dutch-Based Trafigura Reportedly Wins Sudan Oil-Marketing Deal - Dow Jones Business News, August 2 MANAMA, Bahrain -(Dow Jones)- 02-Aug Netherlands-based Trafigura Beheer BV has won a three-month oil marketing contract with Sudan's Greater Nile Petroleum Operating Co., the weekly newsletter Middle East Economic Survey reported Monday. MEES said Trafigura will handle initial sales and promotion of Nile Blend crude from Greater Nile's concession in southern Sudan. Trafigura beat out bids from Vitol SA of Switzerland, Arcadia Group PLC of the United Kingdom and Swiss trading firm Glencore International AG among others. At the end of the three-month period, the agreement will be reviewed by both parties. The crude oil, similar in quality to that of Indonesia's Minas, is likely to be sold in the Mediterranean or Asia, MEES said. Sudan inaugurated the mechanical completion of the country's first export pipeline extending from the Heglig field in western Kordofan to Marsa al-Bahaiyr, 15 kilometers (nine miles) south of Port Sudan, June 1. Actual exports of the Nile Blend won't start before late summer when the pipeline will be filled and each of the six pumping stations and the adjacent heating equipment along the 1,600-kilometer pipeline have been commissioned. The pipeline has a capacity of 250,000 barrels a day, but initial exports will be in the range of 130,000 barrels a day to 150,000 barrels a day. Initial production will come from six oilfields, Heglig, Unity, El Nar, El Toor, El Harr and Toma South, which are operated by Greater Nile. The company is a consortium comprising China National Petroleum Corp., with 40%, Malaysia's Petronas Carigali with 30%, Canada's Talisman Energy Inc. (TLM) with 25%, and the National Petroleum Co. of Sudan, Sudanpet, with 5%.