VOL. XXXVIII

NO. 44

31-JULY-1995

Sudan

Arakis Arranges Finance For Sudan Oil Development

The Vancouver-based Arakis Energy Corporation has announced that it hasarranged a $750mn financing package for the development of its oil concession inSudan. The concession, which Arakis holds through its subsidiary State PetroleumCorporation, includes the Greater Heglig and Unity oil fields formerly operatedby Chevron. The project will involve the construction of a 24-in. diameterpipeline with a capacity of...