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

To: Tomas who wrote (1343)	10/4/1999 5:09:00 PM
From: Tomas	Respond to of 2742

Sudan / Oil. Khartoum, Oct. 4 (SUNA)- The President of the Republic, Gen Omer Al-Bashir, pointed out that the export of the Sudanese crude petroleum this year and reaching self-sufficiency next year would reflect positively on the national economy and the balance for the year 2000, saying that Sudan achieved one of the most important goals of the third programme of the Comprehensive National Strategy. He said Sudanese efforts have materialized and that it was able to enter the age of oil, calling for a just distribution of this wealth in a way that would realize social and economic developments in the country. The President has commended the national and friendly efforts exerted for reaching this achievement in the country stressing that this stand as a proof to the strength and ability of the political will and the technical ability for implementation of big projects. He said the Sudanese oil was the property of all Sudanese generations, stressing that the proceed of the oil will be used for the good of the nation and the people and that it would not be used for oppression or persecution against others. He said the government would use the money from oil exports for backing the basic infrastructures in the Sudan and for solving bottle-necks in electricity, irrigations, roads and the building of scientific research capabilities and developing the universities and boosting the social programmes, particularly in the domain of education and the provision of drinking water, with especial emphasis given to the southern states and he states affected by the war. He said part of this money would be devoted for the increase of the resources and increasing the productivity and production and building of capabilities for facing the process of globalization. He underlined before the parliament that proper and just use of the resources generated by the petroleum exports were more difficult that the process of the discovery and the export of the oil itself. The President said the government would continue the economic liberation policies with regards to the internal and external trade and that all forms of monopolies would be ended.