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

To: Tomas who wrote (980)	4/6/1999 11:51:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Industry anxious to get back to Libya. Bank of England lifs financial sanctions From Daily Telegraph, April 7 By Roland Gribben THE Government was yesterday taking a cautious approach to strengthening trade links with Libya after the easing of United Nations sanctions but companies were dusting down files and looking at the prospect of developing new links. Bankers are also hoping the end of the six-year ban on trade and financial ties with the Gaddafi regime will see Libya paying its debts. Bank of England figures show that British and foreign banks in London are owed around $1.4 billion. The Bank yesterday announced that it was lifting financial sanctions against Libya, ending the freeze on non-oil assets imposed in December, 1993. ... Oil equipment suppliers are hoping to benefit from the improvement in relations, while British Aerospace has been maintaining contact with the Libyan authorities since starting discreet discussions last year on a $10 billion contract to modernise Libya's airline fleet.