Middle East Economic Survey


No 30



BG Row Threatens Gulf Keystones Planned Sale Of Hassi Ba Hamou Stake

Gulf Keystones intention to sell its share in the Hassi Ba Hamou (HBH) permit in central Algeria appears to have been thwarted, at least temporarily, by the blocks operator BG, which claims it is owed $7.5mn by the AIM-listed company and whose approval is required for the sale of its 38.25% interest. The news, announced by Gulf Keystone on 20 July, comes just one week...