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

To: Tomas who wrote (1127)	6/1/1999 10:57:00 PM
From: Tomas	Respond to of 2742

Oil Will Be Explored At One Million Square Kilometres In Sudan Khartoum, June 1 (SUNA)- An official source at the Ministry of Energy and Mining said that petroleum will be explored at an area exceeding one million square kilometres all over the country. He said in a press statement to SUNA that the Great Nile Petroleum Operating Company (GNPOC) was given licence to explore petroleum at an area of 49,000 square kilometres, adding that still oil was not yet explored at 80% of this concession area. The source indicated that the coming five years are expected to witness big oil exploration operations in the country. Meanwhile, SUNA learned that the Oil Exploration and Production Department at the Ministry of Energy and Mining has worked an oil exploration concessions map in the country toward attracting foreign investors in this field. It is to be recalled that Sudan has been importing petroleum products from abroad at the cost of 450 million dollars annually which represented a heavy burden in the balance of payment. The volume of the foreign investments in the project of utilizing the Sudanese petroleum exceeded 3.5 billion dollars.

To: Tomas who wrote (1127)	6/1/1999 11:06:00 PM
From: Tomas	Respond to of 2742

International Media Gives Prominent Coverage To Sudanese Oil Pipeline's Launching Khartoum, June 1 (SUNA)-- The remarkable economic breakthrough of operating the Sudanese pipeline and commencing the commercial production of oil at Hejliej area, western Sudan, Monday, received a wide coverage by international media. The international media carried the address made by President Omer Al-Bashir on the occasion, focusing on his call upon foreign companies to invest in the fields of oil exploration in Sudan. The German news Agency (dpa) reported the events of the celebration headlined 'Sudanese President launches Longest Pipeline in Africa' and quoted Energy and Mining Minister Dr Awad Al-Jaz as saying that the new 1610-km pipeline is the longest of its kind in Africa, and that as of June 30 the Sudan would commence exportation of oil via the pipeline. The French AFP news agency, meanwhile, said the pipeline extended from Hijleij in western Sudan to Bashair harbour on the Red Sea coast in the east. It added that the pipeline's pumping capacity is 450,000 barrel per day as a maximum, while in the first stage it would ensure pumping of 150,000 bpd. The United Press International (UPI) news agency reported President Omer Al-Bashir's announcement that "the Sudan will cooperate with all those who are willing to do so, in condition that they respect Sudanese dignity and sovereignty". China's Xinhua news agency, on the other hand, said President Al-Bashir stated that oil exploration would continue in the different parts of the country. The London-based MBC TV Centre and Voice of America (VOA) and the British BBC radios also reported the celebration events and highlighted on the economic prospects of the Sudanese oil.