NO. 32



Sun Company to Pull Out Of Dubai Concession

Sun Company Inc. of the US has decided to pull out of all its oil and gasexploration activities outside North America, and is also to sell its oilinterests in Dubai, Argentina and the UK's Magnus field. In Dubai Sun Companyhas a 5% stake in the consortium which operates the four offshore fields ofFateh, Southwest Fateh, Falah and Rashid. The consortium is led by DubaiExploration Onshore Ltd. (DEOL), a subsidiary of Dubai...