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

To: Tomas who wrote (550)	11/8/1999 3:17:00 PM
From: Tomas	Read Replies (1) \| Respond to of 1713

Talisman: No plans to stop pumping oil in Sudan KHARTOUM, Sudan (AP) November 8 - Despite U.S. criticism and Canadian hints of future trade restrictions on Sudan, the chief executive officer of Talisman Energy Inc. was quoted Sunday as saying that the Canadian company will keep pumping oil in Sudan. "Nothing obstructs the work of our company in Sudan," Jim Buckee was quoted by the Arabic-language daily Akhbar Alyoum as saying during an interview in Canada. Talisman is based in Calgary. During an African tour last month, U.S. Secretary of State Madeleine Albright criticized Talisman and the Canadian government for allowing Talisman to operate in Sudan, saying oil revenues would only benefit rulers and not the public. Talisman holds a one-quarter stake in the Greater Nile Oil Project, which includes a 1,610-kilometre pipeline from the oil fields of south-central Sudan to the Red Sea. The pipeline, completed this year, has allowed Sudan to begin commercial exploitation of long-untapped oil reserves. Sudan also is the scene of a 16-year-old civil war that has left nearly two million people dead, mostly southerners who died in a war-induced famine. Oil areas have been scenes of many battles throughout the year. Rebels have fought government forces and former rebels allied with the government also have been fighting government militias for the right to protect the pipeline from rebel attacks. Talisman operates under Sudanese government protection and with the authorization of the Canadian government, Buckee said, according to the newspaper. "We are investors in Sudan ... we are not politicians," he was quoted as saying. Following Albright's harsh words, Canada's Foreign Affairs Minister Lloyd Axworthy said he wants Talisman to ensure oil revenue is reserved for humanitarian and development purposes and is shared countrywide. Axworthy said he will consider economic and trade restrictions if it becomes clear oil exploration is contributing to the conflict. Canadian officials also have offered to host peace talks. Axworthy named Liberal Senator Lois Wilson, a former United Church moderator, as a special peace envoy to Sudan. He also announced a fact-finding mission was being sent to the war-ravaged country.