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

To: Tomas who wrote (1136)	6/7/1999 10:43:00 AM
From: Tomas	Respond to of 2742

Sudan To Up Oil Exports; Hopes To Join OPEC - Opec News Agency June 7, 1999 Dow Jones Newswires LONDON (Dow Jones)-- Sudan , which will start to export 150,000 barrels a day of crude oil at the end of this month, hopes to join OPEC in the future, according to Opecna, OPEC's official news agency. Quoted by Saudi Arabia's Asharq al Awsat newspaper, Sudanese minister of state at the Ministry of Energy, John Dore, said his country hoped to raise its production capacity to 270,000 b/d within one year, Opecna said. Dore said Sudanese crude would be exported to Port Sudan on the Red Sea through a 1,600-kilometer pipeline from fields at al Wahda Province in the south of the country. He said Sudan would earn $200-$300 million a year from oil exports, which would help the government pay its oil import bill, the agency reported. He also said the country, had an estimated oil reserve of 800 million barrels, including deposits of high-quality crude. The average cost of production of a barrel of Sudanese oil was $4.00, he added, according to Opecna.

To: Tomas who wrote (1136)	6/7/1999 10:51:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

SPLA guerilla: "We are not interested in destroying the oilfields" YEI, Sudan, June 7 (Reuters) ... Recent fighting has focused on the southern province of Upper Nile, where one government-backed militia group has battled with another for control of oilfields that all sides and factions in the civil war hope to exploit. James Wani Igga, the secretary-general of the SPLA's political wing, said that rebels were not interested in destroying the oilfields but simply pushing government forces out of the region. ''We will need those wells when the war is over to restore our economy,'' he told a delegation of three U.S. congressmen who visited Yei and another rebel-held area at the weekend. sudan.net