The Swedish company Lundin Oil has presented a capital budget of $108 million for 2001, which is an increase of 46 percent compared to last year.
According to the company as much as $83 million will be spent on developments in Libya, Malaysia and Vietnam. Exploration money will mainly be spent in Sudan, Malaysia, Libya and Albania.
(scandoil)
© 2001 Mena Report (www.menareport.com)
