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

To: Greywolf who wrote (1889)	10/26/2000 10:50:51 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

Swedish Lundin Oil Signs $50M Loan To Develop Libya Field Dow Jones Newswires, October 25 DUBAI -- Sweden's Lundin Investments Ltd. and International Petroleum Libya Ltd., both subsidiaries of Lundin Oil AB (LOILY), the independent Swedish oil and gas exploration and production company, signed a $50 million six-year term loan facility with Bahrain-based Arab Banking Corporation, or ABC, and Arab Petroleum Investments Corporation Wednesday. The loan will be used to develop Libya's Block NC 177 (En Naga North) oil field which has proven reserves of 85 million barrels, the release said. Further exploration is planned in the area, ABC said in a press release. Lundin Oil is traded on Nasdaq and the Stockholm Stock Exchange. -By Dyala Sabbagh, Dow Jones Newswires; 9714- 3314260; dyala.sabbagh@dowjones.com