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

To: Tomas who wrote (1727)	6/23/2000 1:05:00 PM
From: Tomas	Respond to of 2742

Falklands Oil: A Matter Of Timing And Risk sartma.com

To: Tomas who wrote (1727)	6/23/2000 1:40:00 PM
From: Tomas	Respond to of 2742

Sudan oil flowing despite fighting reports CALGARY, June 23 (Reuters) - Operations and output at a major oil project in Sudan are proceeding normally, despite reports from rebels that they had killed 430 government troops in the region, the project's Canadian partner said on Friday. ``There is no impact on operations,'' said Dave Mann, spokesman for Talisman Energy Inc. (Toronto:TLM.TO - news), which has a 25-percent stake in the controversial central Sudanese oil project. ``We can't obviously deny the existence of fighting in the region, but it's nothing that we've observed.'' A spokesman for the rebel Sudan People's Liberation Army (SPLA) said on Thursday that fighting began on the weekend between the government-held towns of Mayoum and Bentiu in the oil-rich Western Upper Nile region when the rebels ambushed a government convoy. Sudan's Islamist government, which has been involved in a bloody 17-year civil war against rebel factions in the south of the African country, has not commented on the SPLA claims. ``It's a huge area. It could still be several hundred kilometres from the oil fields,'' Mann said. Talisman has been at the heart of a firestorm of controversy at home and abroad over Sudan, where critics say the new oil revenues are fuelling Khartoum's war against the mostly Christian and animist people from the south. Talisman chief executive Jim Buckee has said his company's involvement and the economic development made possible by the oil production will only help the impoverished country move closer to peace. Talisman's partners in the oil project in the Heglig region, now producing about 185,000 barrels a day, include China National Petroleum Corp., Malaysia state oil company Petronas and the Sudan government. The oil is being shipped via a pipeline to the Red Sea, which has been the target of sabotage on a handful of occasions since start-up late last year. The SPLA has often said that it considered foreign oil companies as ``legitimate military targets,'' and on Thursday said it had begun a ``systematic campaign'' to close down the consortium's oil fields. ``They've said it before, and again we take all of these things seriously and we're looking into it,'' Mann said. biz.yahoo.com

To: Tomas who wrote (1727)	6/23/2000 8:45:00 PM
From: Tomas	Read Replies (3) \| Respond to of 2742

UN Security Council mulls scrapping Sudan sanctions UNITED NATIONS, June 23 (AFP) - Members of the UN Security Council began examining a draft resolution on Friday to remove sanctions imposed on Sudan in 1996 after an attempt on the life of Egyptian President Hosni Mubarak. Diplomats said experts were studying a draft submitted by Mali, one of three African countries with non-permanent seats on the council. The diplomats said a vote might be taken on the draft next month, and said only the United States appeared to have qualms about removing the sanctions. These were imposed to force Sudan to extradite three people suspected of trying to kill Mubarak as he arrived in the Ethiopian capital, Addis Ababa, for a summit of the Organisation of African Unity on June 26, 1995. The sanctions included a ban on flights by Sudan Airways and restrictions on the movement of Sudanese diplomats abroad. The draft resolution welcomed the fact that Sudan had signed "the relevant international conventions for the elimination of terrorism" and taken similar measures at the domestic and regional level. It noted that the chairmen of the African, Arab and Non-Aligned Nations groups at the United Nations had written to the president of the Security Council, French Ambassador Jean-David Levitte, to support an end to sanctions. Mali will take over the council presidency for the month of September. In a letter to UN Secretary General Kofi Annan on June 1, the Sudanese foreign minister, Mustafa Osman Ismail, said inquiries by authorities in his country "show that no trace has been found of the three suspects in the Sudan." He said the government of Sudan had held "intensive consultations" with Egypt and with Ethiopia which "resulted in complete understanding" with them on all security questions, including that of the suspects.