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

To: Tomas who wrote (1601)	4/24/2000 8:09:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Libya to `Speed' Talks About Opening 80 Oil Fields, MEES Says By Sean Evers Tripoli, April 24 (Bloomberg) -- Libya, the eighth-biggest producer in the 11-member Organization of Petroleum Exporting Countries, plans to ``speed up' negotiations with international oil companies about opening 80 onshore and offshore oil fields, the Middle East Economic Survey reported, citing the country's oil Minister, Abdalla el-Badri. Foreign companies, which can now return to the North African state after the suspension of United Nations trade sanctions, will be invited to sign exploration and production-sharing agreements within 12 months, said el-Badri. The U.S., which maintains unilateral sanctions against Libya, has allowed oil company executives from Amerada Hess Corp., Conoco Inc., Marathon Oil Co. and Occidental Petroleum Corp. to visit Libya to evaluate the assets they left behind after departing in 1986, the report said. Libya's 1999 decision to hand over two suspects in the 1988 Lockerbie air disaster cleared the way for seven-year-old sanctions to be lifted, removing hurdles in obtaining finance and some machinery.