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

To: Tomas who wrote (1659)	5/15/2000 7:29:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan To Attract $1 Billion Investment From Malaysia - Asia Pulse, May 15 KUALA LUMPUR, May 15 Asia Pulse - The Sudanese government expects to attract US$1 billion (RM3.8 billion) in trade investments from Malaysia this year, particularly in the oil, gas and petrochemical industry, said its Minister of Industry and Investment Dr Abd Halim Al-Muta'afi. "We are hoping for investments of about US$1 billion in the oil industry in particular as well as other investments. I hoped Malaysian businessmen would invest a lot of money in Sudan," he said after making a courtesy call on the Minister of International Trade and Industry Datuk Seri Rafidah Aziz at her office here today. Asked whether the visit would resolve any specific deal, he declined to comment. He, however, noted that there were ongoing discussions between the Sudanese and Malaysian governments in the areas of energy and power. In terms of total trade between the two countries in 1999, it grew to RM113.5 million (US$29.87 million) from RM65.61 million in 1998. Exports amounted to RM113.10 million against RM65.40 million previously while imports came to RM400,000 from RM210,000. The main export items in 1999 were palm stearin (RM38.05 million), palm oil (RM33.18 million), automatic data processing machines (RM11.32 million), natural rubber (RM3.22 million), electrical apparatus, resistors, printed circuits and parts (RM3.10 million). The main import items were pumps, compressors, fans and parts (RM140,000), plates, sheets, film, coil and strip of plastics (RM60,000), special yarns, textile fabrics and related products (RM30,000) and paper and paperboard (RM10,000). Dr Abd Halim said Sudan offered vast opportunities to Malaysian businessmen, stressing: "You can join our expertise in tapping the African market." Sudan was the producer of natural resources and raw materials as well as the focal point of textile industries, he added. Abd Halim also said Sudan, which was located in the heart of Africa, offered big market potential in the access to the 300 million people living in the surrounding regions. BERNAMA