HareScript on WebHare AP New on the website of the European Coalition for Oil on Sudan (ECOS) http://www.ecosonline.org/ ECOS unites 50 European organizations working for peace and justice in Sudan. We do research and call for action from governments and the business sector to ensure that Sudan's oil wealth contributes to peace and human rights. This feed contains the 15 newest items on our website. en-us info@ecosonline.org (ECOS) info@ecosonline.org (ECOS) South Sudan hunts for loans as oil output halt dents economy Wed, 16 May 2012 12:55:11 GMT http%3A//www.ecosonline.org/news/2012/20120511_South_Sudan_hunts_for_loans_as_oil_output_halt_dents_economy/ http%3A//www.ecosonline.org/news/2012/20120511_South_Sudan_hunts_for_loans_as_oil_output_halt_dents_economy/ South Sudan is negotiating loans to boost the value of its currency and keep its economy afloat as foreign-exchange reserves decline after the country halted oil production, Deputy Finance Minister Marial Awou Yol said. South Sudan says it's ready to negotiate deal on oil at talks Wed, 16 May 2012 12:42:18 GMT http%3A//www.ecosonline.org/news/2012/20120510_South_Sudan_says_it%2527s_ready_to_negotiate_deal_on_oil_at_talks/ http%3A//www.ecosonline.org/news/2012/20120510_South_Sudan_says_it%2527s_ready_to_negotiate_deal_on_oil_at_talks/ South Sudan is ready to negotiate an agreement on an oil dispute with Sudan that prompted the newly independent nation to shut down its crude production, Cabinet Affairs Minister Deng Alor said. Now the struggle is being decided: Who is taking greater responsibility? Wed, 16 May 2012 01:02:13 GMT http%3A//www.ecosonline.org/news/2012/20120510_Now_struggle_is_being_decided_who_is_taking_greater_responsibility/ http%3A//www.ecosonline.org/news/2012/20120510_Now_struggle_is_being_decided_who_is_taking_greater_responsibility/ In a unique action several major shareholders in Lundin Petroleum are demanding an independent enquiry into the company’s operations in southern Sudan.
The company is exhorting them to shut up or sell up. Gathering evidence - In the US Public prosecutor's criminal investigation into Lundin growing Wed, 16 May 2012 01:01:33 GMT http%3A//www.ecosonline.org/news/2012/20120510_Gathering_evidence_in_the_US_Public_prosecutors_criminal_investigation_into_Lundin_growing/ http%3A//www.ecosonline.org/news/2012/20120510_Gathering_evidence_in_the_US_Public_prosecutors_criminal_investigation_into_Lundin_growing/ The criminal investigation into Lundin Petroleum has now spread to the USA.
“I am questioning people here, says public prosecutor Magnus Elving.
At the same time a row is brewing between the major shareholders at the AGM today. Lundin intending to put stop to Sudan enquiry Wed, 16 May 2012 01:01:50 GMT http%3A//www.ecosonline.org/news/2012/20120510_Lundin_intending_to_put_stop_to_Sudan_enquiry/ http%3A//www.ecosonline.org/news/2012/20120510_Lundin_intending_to_put_stop_to_Sudan_enquiry/ Today’s AGM of Lundin Petroleum is expected to be stormy. Folksam is demanding a review of the company’s previous activities in Sudan, but is meeting with opposition from the board and other shareholders. Among others, Första AP-fonden is intending to vote against the proposal. Big row expected at Lundin AGM Wed, 16 May 2012 01:02:28 GMT http%3A//www.ecosonline.org/news/2012/20120510_Big_row_expected_at_Lundin_AGM/ http%3A//www.ecosonline.org/news/2012/20120510_Big_row_expected_at_Lundin_AGM/ Things are shaping up for a major row at Lundin Petroleum’s shareholder meeting on Thursday. Among others, Folksam is demanding an independent enquiry into the company’s actions in Sudan. The company is refusing point-blank and is supported by Första AP-fonden and AMF. Statement from Sven-Erik Alhem to the board of Lundin Petroleum Wed, 09 May 2012 12:43:10 GMT http%3A//www.ecosonline.org/news/2012/%5Eindex.html/20120508_Sven_Erik_Alhem_statement.html http%3A//www.ecosonline.org/news/2012/%5Eindex.html/20120508_Sven_Erik_Alhem_statement.html Lundin Petroleum commissioned an independent expert report in response to ECOS’ proposals submitted to the Company’s Annual General Meeting May 10th. Pia Gripenberg: Are the profits worth the risk of innocent people being murdered? Wed, 16 May 2012 01:03:21 GMT http%3A//www.ecosonline.org/news/2012/20120507_Pia_Gripenberg_are_the_profits_worth_the_risk_of_innocent_people_being_murdered/ http%3A//www.ecosonline.org/news/2012/20120507_Pia_Gripenberg_are_the_profits_worth_the_risk_of_innocent_people_being_murdered/ Lundin Petroleum is being investigated for crimes against international law in the Sudan 10 years ago. Of more immediate interest is the fact that another Lundin company – the share price skyrocketing Africa Oil – has operations in Ethiopia, which is deeply worrying as regards human rights. Lundins arrogance annoys major shareholders Wed, 16 May 2012 01:03:34 GMT http%3A//www.ecosonline.org/news/2012/20120507_Lundins%2520_arrogance_annoys_major_shareholders/ http%3A//www.ecosonline.org/news/2012/20120507_Lundins%2520_arrogance_annoys_major_shareholders/ The management of Lundin Petroleum is not intending to respond to demands for an independent scrutiny of the company's earlier operations in Sudan. Several major shareholders are now preparing for a fight before Thursday's annual general meeting. They consider that the company has adopted an arrogant attitude. Lundin and crimes against International Law Wed, 16 May 2012 01:04:04 GMT http%3A//www.ecosonline.org/news/2012/20120503_Lundin_and_crimes_against_international_law/ http%3A//www.ecosonline.org/news/2012/20120503_Lundin_and_crimes_against_international_law/ It will soon be two years since a preliminary investigation was started by district prosecutor Magnus Elving into crimes under international law in Sudan. In March the prosecutor stated in a press release that the investigation into whether Swedish companies had been accessories to crimes will take some time. How much time, he did not wish to go into. Heglig resumes oil flow Mon, 07 May 2012 01:49:19 GMT http%3A//www.ecosonline.org/news/2012/20120503_Heglig_Resumes_Oil_Flow/ http%3A//www.ecosonline.org/news/2012/20120503_Heglig_Resumes_Oil_Flow/ According to statements from oil officials in Khartoum, oil is once again pumping at the Heglig oilfield. Strong ultimatum from Lundin CEO Wed, 16 May 2012 01:03:48 GMT http%3A//www.ecosonline.org/news/2012/20120503_Strong_ultimatum_from_Lundin_CEO/ http%3A//www.ecosonline.org/news/2012/20120503_Strong_ultimatum_from_Lundin_CEO/ Lundin Petroleum rejects demands for an independent enquiry into the oil company's activities in Africa. “Trust us or sell your shares,” says CEO Ashley Heppenstall to Dagens industri. South Sudan civilians are trapped in conflict over oil Mon, 07 May 2012 01:40:56 GMT http%3A//www.ecosonline.org/news/2012/20120501_South_Sudan_civilians_are_trapped_in_conflict_over_oil/ http%3A//www.ecosonline.org/news/2012/20120501_South_Sudan_civilians_are_trapped_in_conflict_over_oil/ Every few moments, Nyameat Nyak glances nervously at the sky. It’s been two weeks since Sudanese warplanes bombed her tea shop as she was serving five traders, pregnant with her sixth child. Shrapnel sliced through the walls, covering her in flesh and blood. In South Sudan border lands oil brings bombs, not blessings Mon, 07 May 2012 01:31:32 GMT http%3A//www.ecosonline.org/news/2012/20120427_In_South_Sudan_border_lands_oil_brings_bombs_not_blessings/ http%3A//www.ecosonline.org/news/2012/20120427_In_South_Sudan_border_lands_oil_brings_bombs_not_blessings/ Despite a dozen years of oil extraction in South Sudan's Unity state, the capital Bentiu has little to show for it. Higher fees at Lundin Petroleum Mon, 07 May 2012 01:21:36 GMT http%3A//www.ecosonline.org/news/2012/20120427_Higher_fees_at_Lundin_Petroleum/ http%3A//www.ecosonline.org/news/2012/20120427_Higher_fees_at_Lundin_Petroleum/ It is proposed to award Ian Lundin, Chairman of Lundin Petroleum, SEK 1 million when the oil company’s directors’ fees are raised. That is an increase of 25% on last year, writes Dagens industri.