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/ 12 October 2004

‘What was Mbeki’s role in arms deal?’

Democratic Alliance leader Tony Leon on Tuesday queried the part played by President Thabo Mbeki in South Africa’s multibillion-rand arms acquisition programme, saying the "full story" of his role remains among a number of unanswered questions about the controversial deal.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123595&t=1">TV station loses bid to film Shaik trial</a>

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/ 12 October 2004

Selebi takes charge of Interpol resources

Interpol resources will be moved to where they are needed, said the newly appointed president of the international policing organisation, Jackie Selebi, in Pretoria on Tuesday. His priority will be to redirect resources to weaker countries. This will include the establishment of a centre in Africa to pool information on international terrorism.

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/ 12 October 2004

Charting a way forward for Transnet

The South African government was close to a decision on rail restructuring, South Africa’s Public Enterprises Department director general Eugene Mokeyane told parliamentarians on Tuesday. He said: ”Government is gearing towards a policy decision to move forward with rail restructuring and the underlying restructuring models.”

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/ 12 October 2004

Libyan oil reserves at 47bn barrels

Libya’s oil reserves total 47-billion barrels and could reach significantly higher levels, said Prime Minister Shukri Ghanem on Wednesday. Until now, Tripoli has said its proven oil reserves stood at 36-billion barrels. He added that investment projects are open to all potential investors, adding that Libya would not give preference to companies from any particular country.

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/ 12 October 2004

Economists: High oil prices unsustainable

The current record high crude oil prices are unsustainable, according to economists surveyed by I-Net Bridge, but a return to last year’s Opec basket of seven crude oils’ average of $28,10 per barrel is also unlikely, mainly because of the depreciation of the dollar against other currencies.

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/ 12 October 2004

Shell oil fire angers Nigerian community

A pipeline carrying crude oil across the unruly Niger delta region to Nigeria’s main export terminal has burst and is on fire, the Anglo-Dutch oil giant Shell and a local leader said on Tuesday. Shell said it had already moved in to control the fire and the leak, but a local ethnic leader insisted that the firm’s engineers had not yet arrived.