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

To: Tomas who wrote (1761)	7/19/2000 7:09:12 AM
From: Greywolf	Read Replies (1) \| Respond to of 2742

Pok pleased with progress of gas project, PETROLEUM and Energy Minister, Dr Fabian Pok, said yesterday he was pleased with the rate of progress of the US$3.5 billion PNG to Queensland gas project. He said he hoped agreement could be reached before a Sept 1 deadline. He said "frank but positive and constructive" discussions had been held by a state negotiating team and a number of chief executives from companies involved in the gas development. Major issues on which agreement has still to be reached included taxation terms requested by the project proponents with the Government mainly concerned about "forward and backward linkages in the economy". Dr Pok said the Government wanted the consortium to agree to the following: Construction in PNG of a concrete gravity structure; Coating of various pipelines within PNG; Support for development of a small pipeline from Gulf province to Port Moresby; and Establishment of a joint venture company to build and own the PNG wet gas infrastructure. Dr Pok said the State would use its best endeavours to provide concessions but it wanted consortium members "to respond positively to the state requirements". He said departmental officers would carry out "very intensive work" in the next four to six weeks in view of the impending Sept 1 deadline. "It is important that due process is followed in relation to State response on all the issues," he said, adding that the gas project would help lay "the building blocks for a strong and mature petroleum industry in the next 20 years or so". He hoped the negotiating teams could draw up a draft gas project agreement that can be considered by the Ministerial Committee on Gas Resource Development.

To: Tomas who wrote (1761)	7/22/2000 8:54:15 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Somaliland - Daily Telegraph, July 21 By Paul Harris in Hargeisa ... Certainly the achievements of Somaliland, whose borders are those of the old British colony and which is dominated by the Isaak clan, are impressive. It is an oasis of peace in an otherwise brutalised country. In places such as Somalia's capital, Mogadishu, guns and brutal militiamen rule the streets; but in Somaliland carrying weapons in public is illegal and the ban is strictly enforced. White-shirted policemen in neat berets direct traffic on the busy streets of the capital, Hargeisa, using nothing more than a whistle and hand signals. Indeed, all of Hargeisa bears no resemblance to the traditional chaotic image of Somalia. New buildings, some of them luxurious houses, are springing up, the airport is being modernised and cars bear Somaliland licence plates. "I love Somaliland" bumper stickers are a common sight. The country prints its own currency, the Somaliland shilling, and has founded two universities. Since a civil war in 1995, it has maintained peace and runs radio and television stations and a weekly independent newspaper. The stability has kicked off a modest economic boom and businessmen from Dubai and the Gulf have flocked to Hargeisa. Britain's colonial legacy is strong. Red postboxes dot the street corners and the country drives on the left while the rest of Somalia, which was colonised by Italy, drives on the right. English, not Italian, is the main second language taught in schools. But government officials worry that the lack of international recognition is halting further development of their country.