REGIONAL/ALGERIA/EGYPT/IRAQ

 

Petroceltic And Melrose Agree Merger

Irish independent whose key asset is the 2.1tcf 'Ain Tsila gasfield in Algeria and also has promising upstream acreage in Iraqi Kurdistan, has agreed a merger with Egypt-focussed Melrose Resources.

 

The two companies’ boards agreed the terms of the merger on 17 August, creating “a regionally focused North Africa, Mediterranean and Black Sea independent oil and gas...