VOL. XXXV

NO. 51

21-SEPTEMBER-1992

Tunisia

ETAP/Elf-Aquitaine to Invest $120mn in Ashtart Oilfield

The state-owned Entreprise Tunisienne d'Activites Petrolieres (ETAP) andFrance's Elf-Aquitaine will invest $210mn in an oil platform and drillingproject in the offshore Ashtart oilfield which lies in Tunisia's Gulf of Gabes.The new project, scheduled for completion in 1995, will offset the projectedfall in output from Ashtart over the next three years, according to an officialof the 50-50 joint...