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

To: Tomas who wrote (2014)	2/6/2001 1:39:27 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan seeks Gulf investors Gulf News, February 4 BY MANOJ NAIR Dubai - Negotiations are on with Gulf countries for participation in major infrastructure projects in Sudan, according to a visiting minister. Sudan will also offer two additional oil concessions, taking the number of consortia to five by year-end. Gulf companies are expected to participate actively in the bids, said Minister of Industry and Investment Dr. Abdel Halim Al Mutafi. "Awarding the new concessions - Block 15 (both offshore and onshore) and Block 8 (Blue Nile) - is part of the government's move to raise additional revenues which can then be utilised to meet the country's infrastructure needs," Al Mutafi said. "With the new consortia coming in, I am sure the full capacity of the existing pipeline, about 450,000 barrels a day, will be used up by 2005. This should create the need for more pipelines." Sudan gets $25 million a month from oil exports - 40 per cent of overall exports. It exports 85,000 barrels a day which is expected to be doubled in two years. Currently, three consortia are participating in Sudan's oil sector. One is led by CNPC of China and Malaysia's Petronas, the second has the UAE's Arabian African Oil Co as a major shareholder along with CNPC, and the third has the UAE-Austria joint venture OMV alongside Petronas and IPC. "We have identified power, roads, railways and Nile transport for private sector participation. We have had interest expressed from Saudi Arabia, the UAE, Japan and Malaysia," said Al Mutafi. Negotiations are on with Gulf financial institutions to participate in the Marawi dam project to generate 1,200 megawatts of power and have an irrigation network. "The Arab Fund for Reconstruction, and those from Abu Dhabi, Saudi Arabia and Kuwait are once again interested in participating in projects in Sudan. There are also serious negotiations with Malaysian and Japanese companies for possible participation," said Zubair Ahmed Al Hassan, Minister of State for Finance. "In four months, we should have a final answer on the project." Meanwhile, a feasibility study will be undertaken on setting up an agro-based industrial base in Sudan with UAE's involvement. A team from Al Rawabi will do it. Added Al Mutafi: "The privatisation process is moving slowly but surely. "Sudan Ports, I believe, has signed a management agreement with Dubai Ports Authority. For the new Khartoum airport, we have received interest from Kuwaiti and British companies for build-operate-transfer (BOT) project."

To: Tomas who wrote (2014)	2/18/2001 6:11:18 PM
From: Greywolf	Respond to of 2742

Somaliland stand-off, Somaliland has yet to sign up for the revival of the country's oil and gas search, this time in the waters off the northern Horn of Africa. Minerals and Water Minister Mahamoud Abdi has fiercely defended his country's independent stance and territorial integrity. Hargeysa has never accepted the aspirations of the new Mogadishu-based government to extend sovereign control over the whole of the former Somalia, which disintegrated in the 1990s under pressure of civil conflict. Several suitors sought seismic rights in both territories but TotalFinaElf got to the finishing post first with a deal approved by the interim government. Somalia Minister for Minerals and Water Resources Hasan Abshir inked the deal last week. "Offshore oil drilling will commence off the coast between August and October this year," he said. Of particular interest is block M-9 and M-10. Upstream