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

To: Tomas who wrote (1939)	12/6/2000 10:17:24 PM
From: Tomas	Read Replies (2) \| Respond to of 2742

Shell to Spend $5.3 Billion on Oil Projects in Malaysia By David Yong Kuala Lumpur, Dec. 7 (Bloomberg) -- The Royal Dutch/Shell Group, Europe's No.1 publicly traded oil company, said it plans to spend 20 billion ringgit ($5.3 billion) over five years to expand its oil exploration, refineries and other businesses in Malaysia. The investment doesn't include ``a couple of substantial investments in downstream projects,'' said Lim Haw Kuang, chairman of Shell Malaysia, a unit of Royal Dutch/Shell. The Royal Dutch Shell group has signed agreements to explore downstream projects in Indonesia, Iran, Trinidad and Egypt while Malaysia may want to offer itself to the group as a choice location for similar projects. The projects involve its gas to liquid downstream technology by converting natural gas into other products such as naphtha, kerosene and other petroleum products. Shell owns unlisted units involved in exploration off the eastern Malaysian states of Sabah and Sarawak. It also owns Shell (FOM) Malaysia Bhd. which is involved in refinery activities.

To: Tomas who wrote (1939)	12/11/2000 8:59:35 AM
From: Tomas	Respond to of 2742

Malaysian Crude Oil Reserve To Last Till 2008 Asia Pulse; December 8 KUALA LUMPUR, Dec 8 Asia Pulse - Malaysia's crude oil reserve can last till 2008 if no new fields are found by then, a government official said. Hisham Ismail, parliamentary secretary to the Ministry of Finance, said "Crude oil reserves are depleting, from 4.1 billion barrels in 1995 to 3.42 billion barrels this year. If the current average daily output of 615,000 barrels are taken into account, the oil reserves can only last up to 2008," he told the senate when winding up the debate on a supplementary bill Thursday. To cope with the situation, Hashim said the government had taken several measures, including stepping up studies on the utilisation of renewable energy sources such as solar energy and mini-hydros. The national oil corporation Petronas had also taken measures to develop deepsea oil fields and invest in countries like Angola, Pakistan, Sudan and Vietnam, he added. (Bernama)