International Petroleum Farms out 57% of Ras al-Khaimah OnshoreConcession
International Petroleum Ltd. Bermuda, wholly-owned subsidiary ofInternational Petroleum Corporation, has farmed out a 50% participating interestin its 2,074 sq. kms. concession in onshore Ras al-Khaimah to PhillipsPetroleum International Corporation Mideast and a 7% interest to SwedishExploration Consortium. International Petroleum (operator) will retain theremaining 43% share in the...