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

To: Tomas who wrote (2677)	7/31/2001 8:56:44 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan seeks Gulf investors for infrastructure developments Technical Review Middle East, July 31 Negotiations are underway between Sudanese officials and Gulf countries concerning their participation in infrastructure projects in Sudan. The Sudanese government is also offering two additional oil concessions, taking the number of consortia to five by the end of this year. Gulf companies expected to participate actively in the bids, said Sudan's Minister of Industry & Investment, Dr Abdel Halim Al Mutafi. "We have identified power, roads, railways and Nile transport for private sector participation. We have had indications of interest from Saudi Arabia, the UAE and Malaysia," said Al Mutafi. Negotiations are continuing with financial institutions in the Gulf to participate in the Marawi dam project, which will generate 1,200 MW 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," he added.

To: Tomas who wrote (2677)	7/31/2001 10:35:21 PM
From: Tomas	Respond to of 2742

"EU had adopted its own legislation making it illegal for a European company to comply with the US Iran and Libya Sanctions Act (ILSA)" Brussels rails against Washington move - EU sanctions broadside Upstream, July 31 The European Commission said on Tuesday that it regretted the US decision last week to extend sanctions against Libya and Iran for another five years, warning it would retaliate if action was taken against European firms. "As a matter of both principle and policy, the European Union has long opposed unilateral sanctions laws with extraterritorial effects," EU External Relations Commissioner Chris Patten said. "Such laws, designed to impose US requirements on economic operators of foreign countries, threaten the open international trading system," he added. ... Patten noted that the EU had adopted its own legislation making it illegal for a European company to comply with the US Iran and Libya Sanctions Act (ILSA), but said the measure still created "uncertainty and expense" for European companies.