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

To: Tomas who wrote (2359)	5/3/2001 8:19:33 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan: Protesters swim against oil tide KHARTOUM, Africa Analysis, May 3 The growing pressure on oil companies - particularly those based in north America - from human rights groups, does not appear to be discouraging investment in Sudan. Not only have Russian and Belarussian investors followed the Chinese and Malaysians, but the French appear to be arriving with a vengeance. Encouraged by the sweeping economic reforms proposed by newly appointed finance minister Hamdi Abdel Rehim, the largest private business association in France has entered the field. A 15-strong delegation from le Mouvement de Entrepreneurs de France (Medef) arrived here via Egypt with several investment proposals. The French are obviously interested in the series of privatisations Hamdi promises in the near future. Banking, which is about to undergo what is generally referred to here as a major facelift, seems likely to be helped on its way with French investment and expertise. Since his return to the finance ministry, Hamdi has made foreign direct investment (FDI) a priority. The visit by the Medef delegation - there were expressions of interest in agriculture, oil and the automotive sector - was his first major attempt to bring in mainstream European FDI. There is, of course, already substantial French investment in the form of the Renault truck plant in the ambitious GIAD industrial city (Africa Analysis, no. 363). The GIAD assembly line is projected to turn out 14,400 units a year for the local market.