VOL. XL

No. 13

31-March-1997

SUDAN

Sands Petroleum Acquires Stake In Arakis Energy

The Swedish firm Sands Petroleum AB - owned 31% by Adolf Lundin's interests including Canada's International Petroleum Corporation (IPC) - has bought7.2mn shares of Arakis Energy's stock representing about 8% of the company's capital, andis apparently lobbying to install a representative director on the Arakis Board ofDirectors. In a statement to Reuters on 24 March, IPC's Director Lukas Lundin said thatthere...