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

To: Tomas who wrote (2028)	2/8/2001 7:08:37 PM
From: Tomas	Read Replies (2) \| Respond to of 2742

Canada seeks oil links with Libya OTTAWA, February 7 (UPI)-- A Canadian minister said Wednesday that Ottawa intends to forge closer links with Libya in the oil and natural gas industry, as part of a move to offer its expertise to three North African countries. International Trade Minister Pierre Pettigrew made the statement as a Canadian oil and gas trade mission headed for Algeria, Libya and Tunisia. Representatives of 19 Canadian companies are taking part in the mission, and are participating in a North African oil industry exhibition, where some of their latest equipment will be on display until Feb. 15. Pettigrew said Canadian technology was in demand in the Maghreb states, which include Tunisia, Libya, Algeria and Morocco, and that Canada's potential in the oil and gas industry there "has yet to be tapped." The trip by the Canadian energy firms will mark the first time that a major Canadian trade mission will include Libya in its itinerary. Major Western countries have treated Libya as a pariah since the 1988 bombing of a Pan Am jet over Lockerbie, Scotland, and the U.N. Security Council imposed sanctions on Libya in 1992. The sanctions were suspended after Libyan leader Col. Moammar Gadhafi handed over two of his intelligence officials to be tried for alleged involvement in the bombing. The Canadian firms in the trade mission are set to offer such services to Libya, Algeria and Tunisia as exploration, engineering consulting services, training, testing and monitoring equipment. They will also offer chemicals used in oil production and in other areas of the industry. Canada's decision to move into the oil and gas industry in North Africa comes after the recent rise in oil and gas prices, which have resulted in a spurt of activity in exploration. Canada produces 2.7 million barrels of crude oil a day, making it the 10th largest producer in the world, and 2.2 billion cubic meters of natural gas a day, making it the third largest natural gas producer. Libya, by comparison, produces 1.37 million barrels of oil and 20 million cubic meters of natural gas a day, but its estimated crude oil reserves stand at 29.5 billion barrels, and 75 percent of its territory has still to be explored. Algerian and Tunisian production and reserves are smaller, but Canada imports a substantial quantity of oil from Algeria.

To: Tomas who wrote (2028)	2/9/2001 9:43:41 AM
From: Tomas	Respond to of 2742

Russian companies to start oil operations in Sudan KHARTOUM, February 9 (AFP)-- Russian oil companies have been given the go-ahead in principle to look for oil in eastern Sudan, a press report said Friday. The independent Al Rai Al Aam daily quoted Sudanese Energy and Mining Minister Awad Ahmed al-Jaz as saying a memorandum of understanding has been reached with Russian companies granting those unnamed firms licences to look for oil in two areas of the country which has an outlet to the Red Sea. A final agreement will be concluded soon, the Minister said. The paper quoted an official of one of the Russian firms as saying his company had examined information and soil samples of the concession fields and would submit the results of the examinations this week. In light of those results, the memorandum of understanding will be developed into a final agreement for prospection and exportation of oil in Sudan, the Russian official was quoted as saying by the daily. Chinese National Petroleum Company (CNPC), Canadian Talisman and Malaysian Petronas are currently working on oil operations in south and southwest Sudan.