Middle East Economic Survey
Algerias Sonatrach Announces Oil Strike On Libyas Block 65
Algerian state firm Sonatrach announced on 13 February that it has discovered oil with the A1-65/02 well drilled on Block 65 in Libyas Ghadames Basin, some 230km south of Tripoli. Sonatrachs Sipex international exploration and production subsidiary is operator of Block 65 with a 25% interest, while Libyas National Oil Corporation (NOC) holds 75%. Sonatrach said the well flowed...