Middle East Economic Survey


No 43



DNO To Farm Into Audaxs Chorbane Exploration License

Norwegian oil and gas company DNO International has signed a letter of intent (LOI) with Australias exploration company Audax Resources for the acquisition of equity in the Chorbane exploration permit in Tunisia. This is the first venture into North Africa for DNO, which has petroleum assets in Yemen, Mozambique, Equatorial Guinea, UK and in the Kurdistan region of Iraq. We see a lot...