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

To: Razorbak who wrote (2023)	2/8/2001 5:57:16 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan: Worth exploiting - Gulf News, February 5 Sudan is looking for ways to exploit its vast natural resources. It is a country of many parts: to the north, a region that can grow some of the finest wheat available anywhere. So fine, that the American government used to pay Sudan not to grow wheat as it would affect its own industry. Now that "inducement" has been spurned by the Sudanese, keen to see the country grow through its own abilities. And there are many. For many years it has been a major exporter of cattle to the Arab countries; it now exports oil and even gold, other mineral resources have not yet been sought. The fertile central and southern regions offer vast potential for development. But, with its recent history of internal strife it will need assistance in the construction of a modern industry and infrastructure. The country needs to leap forward to benefit its citizens. It can also act as a conduit, through Port Sudan, to its inland neighbours. For this reason the visit to the UAE of Sudan's Minister of Industry and Investment is important and one emirates entrepreneurs should not overlook. Any improvement in Arab-African relations will help stability in Sudan and improve the business climate.

To: Razorbak who wrote (2023)	2/19/2001 8:04:12 AM
From: Greywolf	Read Replies (1) \| Respond to of 2742

PNG field breaks its chains, Full production has kicked off at the Moran oilfield in Papua New Guinea's Southern Highlands Province. Local petroleum and energy minister Chris Haiveta signed the partners' petroleum development licence PDL 5 on Friday after he was given the blessing of the Huli indigenous landowners. Mr Haiveta said the full opening of Moran showed the country's commitment and ability to get major mining projects processed. The field, with expected reserves of 80 million barrels, adds to the operator Chevron's nearby Kutubu oil and gas field, whose 300 million barrel reserve is fading. The Moran partners are Oil Search (47%) and ExxonMobil subsidiary Esso Highlands (53%). Moran has been churning out some 12,000 barrels per day for the past two years in testing. A Chevron spokesman said output would ramp up to 24,000 bpd over the next 18 months as pipeline, roads and gas-injection infrastructure were installed. The opening of Moran also adds impetus to the $4.5 billion PNG-to-Queensland gas pipeline project. Queensland Premier Peter Beattie has said he wants the project to go ahead so that gas can replace some of the state's coal-fired energy networks. Prime Minister John Howard has also expressed interest in the project and his government is expected to reveal at the end of March whether it will help fund the PNG government's $US500 million shareholding.