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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?


To: Tomas who wrote (436)9/2/1999 1:15:00 AM
From: Douglas V. Fant  Respond to of 1713
 
0200 GMT, 990902 . Sudan Oil Flows Into Tanks

Oil revenues and a cease-fire have given Sudan both the time and money to rearm its fight against rebels. The transformation of new oil money into old military hardware is key to the government's attempt to contain the Garang rebel factions in the south.

Poland admitted on August 31 that 20 T-55 tanks it sold to Yemen earlier this year were illegally diverted to Sudan, a state under UN embargo. It's likely the message from the Yemenis to the Sudanese was more of a thank you note for funds received and a delivery note all mixed into one.

The Sudanese government appears to have taken advantage of the three month humanitarian cease-fire organized under the auspices of the East African regional group IGAD (Inter-Governmental Authority for Development) to rearm using oil revenues. Parliament Speaker Hassan Turabi, the most influential member of the ruling National Islamic Front, said oil revenues would be used "to build factories for missiles and tanks."

Clearly, the Sudanese government is trying to buy time for its besieged troops in the main towns of Southern Sudan and win concessions from the international community as it prepares to fight the rebels. The T-55's give the government the ability to police its vital, north-south oil pipeline and establish garrisons with engineering crews to repair it in the event of sabotage.

The Southern Rebel leader John Garang described the actions of the government as belligerent and has reiterated threats to attack Sudanese oil installations, saying these were legitimate targets. The Sudanese are trying to take full advantage of old Warsaw Pact heavy weapons to isolate Garang.



To: Tomas who wrote (436)9/9/1999 10:26:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 1713
 
Tomas, well it seems that the "hedging" exercise post the last acquisition might be over, TLM just printed a new yearly high.

Zeev