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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?

To: LARRY LARSON who wrote (7853)	3/1/1998 1:38:00 PM
From: Jim Lamb	Read Replies (2) \| Respond to of 9164

Sudan kicks off oil pipeline project -------------------------------------------------------------------------------- [ Latest News From Sudan At Sudan.Net ] -------------------------------------------------------------------------------- News Article by AFP on March 01, 1998 at 10:49:57: Sudan kicks off oil pipeline project KHARTOUM, March 1 (AFP) - Sudan has started work on an oil pipeline project which will carry crude from central Sudan to a new Red Sea port from July 1999, the official daily Al Anbaa reported Sunday. The 1,600-kilometer (1,000-mile) pipeline, considered the longest in Africa, is to run from Hijleij, in West Kordofan, to Bashair harbour south of Port Sudan. Pipes have been delivered to Port Sudan, and construction has begun on the new harbor, Al Anbaa said. Last week, the government concluded a contract with four foreign companies -- one Chinese, one Argentinian and two British -- for execution of the project, worth an estimated 600 million dollars. China's CPECC company is to position the 28-inch pipes from Hijleij to Bashair and to build field installations in Hijleij. Argentina's Techint company is to install pumping stations and a communications network and to build the Bashair export facility. Britain's Wier-UK is to supply pumps and Allen Diesel the electric generators. The pipeline is to pass through the new El Obeid refinery, where it will deliver 15,000 barrels of crude, and then to the Al Jaily refinery north of Khartoum, which will get 50,000 barrels a day, before continuing on to Bashair with 150,000 barrels a day for export. A Malaysian group has been retained as consultants on the project. A consortium operating oil fields in West Kordofan and Unity state in South Sudan comprises the Chinese CNPC, Malaysian Petronas, Canadian state petroleum and the Sudanese petroleum company. All We should be getting more press about this project as time goes on,I hope everyone posts the articles,even though they may say similar things.I hope the new oil reserve numbers are favorable. FWIW I fell deeper into the Arakis money pit last week. Jim