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To: Douglas V. Fant who wrote (1311)	10/9/2001 5:51:51 PM
From: LARRY LARSON	Respond to of 1713

Russian Oil Firm Says to Invest $126 Million in Sudan MOSCOW, Oct 8 (Reuters) - Russian-Belarus oil firm Slavneft said on Monday it would invest $126 million in developing an oilfield in Sudan once it has signed a production sharing agreement with the Sudanese government in January 2002. Printer-friendly version E-mail to colleagues A Slavneft statement quoted CEO Mikhail Gutzeriev as saying the company was ready to start working on the ninth oil and gas block in central Sudan in February-March 2002. "We welcome the lifting of (United Nations) sanctions against Sudan, which will sooner or later take leading positions among African countries in terms of foreign investments," he said. The United Nations Security Council voted last month to lift economic sanctions against Sudan after the U.S. dropped its opposition to the five-year ban on diplomatic travel. Slavneft said earlier this year it had been offered data on the ninth and 11th blocks in central Sudan, as well as the 15th, offshore block in the Red Sea. The company signed this summer a joint venture agreement with the Sudanese government to develop the ninth block but gave no details on its reserves. It said it was also considering a stake in the international consortium exploring the Melut basin in southern Sudan. The consortium includes Qatar's Gulf Petroleum, China's CNPC and Sudan's state oil firm Sudapec. International oil companies operating in Sudan have come under fire from human rights organisations, which say revenues from crude exports are financing a war between the Arab north and secessionist rebels from the black African south. The conflict is estimated to have cost two millions lives in Africa's largest country, which has been in civil war for the last 18 years. (C) Reuters Limited 2001.

To: Douglas V. Fant who wrote (1311)	10/9/2001 6:22:32 PM
From: LARRY LARSON	Read Replies (1) \| Respond to of 1713

Russian Oil Firm Says to Invest $126 Million in Sudan MOSCOW, Oct 8 (Reuters) - Russian-Belarus oil firm Slavneft said on Monday it would invest $126 million in developing an oilfield in Sudan once it has signed a production sharing agreement with the Sudanese government in January 2002. Printer-friendly version E-mail to colleagues A Slavneft statement quoted CEO Mikhail Gutzeriev as saying the company was ready to start working on the ninth oil and gas block in central Sudan in February-March 2002. \|\|\|\|\|\|\|We welcome the lifting of (United Nations) sanctions against Sudan, which will sooner or later take leading positions among African countries in terms of foreign investments,\|\|\|\|\|\|\| he said. The United Nations Security Council voted last month to lift economic sanctions against Sudan after the U.S. dropped its opposition to the five-year ban on diplomatic travel. Slavneft said earlier this year it had been offered data on the ninth and 11th blocks in central Sudan, as well as the 15th, offshore block in the Red Sea. The company signed this summer a joint venture agreement with the Sudanese government to develop the ninth block but gave no details on its reserves. It said it was also considering a stake in the international consortium exploring the Melut basin in southern Sudan. The consortium includes Qatar's Gulf Petroleum, China's CNPC and Sudan's state oil firm Sudapec. International oil companies operating in Sudan have come under fire from human rights organisations, which say revenues from crude exports are financing a war between the Arab north and secessionist rebels from the black African south. The conflict is estimated to have cost two millions lives in Africa's largest country, which has been in civil war for the last 18 years. (C) Reuters Limited 2001.