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PETRONAS OPENS FIRST SERVICE STATION, AWARDED NEW EXPLORATION BLOCK IN SUDAN

Source: www.GulfOilandGas.com 8/29/2003, Location: Africa

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PETRONAS has further enhanced and strengthened its presence in Sudan by entering into the retail marketing business and expanding its involvement in the upstream sector, reinforcing its commitment to provide a mutually beneficial contribution to the development of Sudan's petroleum industry.

The company yesterday opened its first service station in Sudan, officially marking its entry into the retail marketing business in the country following its acquisition of the entire retail assets of Mobil Oil Sudan Ltd earlier this year.

The ceremony, held in Khartoum in conjunction with the fourth anniversary celebrations of Sudan's Petroleum Day, was officiated by Sudan's Minister of Energy and Mining Dr Awad Ahmed El-Jaz. Also present was PETRONAS President and Chief Executive Officer Tan Sri Dato Sri Mohd Hassan Marican. More than 300 guests, including officials from relevant government departments and the Malaysian Embassy, as well as PETRONAS' business partners and customers attended the ceremony.

The first PETRONAS service station, located on Street 19 in Amarat, Khartoum, has been renovated and re-imaged to reflect the PETRONAS brand and identity and carries the same look as its service stations in Malaysia. PETRONAS Marketing Sudan Limited, a newly incorporated PETRONAS' subsidiary in charge of the retail business in Sudan, is currently re-imaging the rest of the 41 stations in the network, as well as the three main bulk terminals in Gaily, Shagara and Port Sudan and 14 other depots located in Sudan's upcountry areas.

PETRONAS currently markets motor gasoline, gas oil, fuel oil, Jet A-1, and lubricants in Sudan. It also owns an aviation depot in Port Sudan and has hospitality arrangements for aviation facilities at Khartoum International Airport

Later yesterday at a separate ceremony, PETRONAS was awarded Sudan's exploration Block 8 with the signing of the Exploration and Production Sharing Agreement for the block. The onshore Block 8 covers an area of 65,856 square kilometres within the Blue Nile Basin, northeast of Sudan's highly prolific Melut Basin. PETRONAS Carigali Overseas has a 77 per cent interest in the block while the remaining equity is shared between Sudan's national oil company SUDAPET (15 per cent) and High Tech Group (8 per cent), a Sudanese company. PETRONAS Carigali Overseas and SUDAPET will jointly operate the block.

PETRONAS' entry into Sudan's downstream business and the award of Block 8 are testimonies to PETRONAS' long-term commitment to the development of the petroleum industry in Sudan. PETRONAS is already active in the upstream sector of the Sudan's oil industry. Apart from Block 8, PETRONAS already has interests in Blocks 1, 2 and 4; Blocks 3 and 7; Block 5A and Block 5B.

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