Middle East Economic Survey

VOL. LI

No 27

7-July-2008

ALGERIA

FCP To Approach Banks After The Summer To Finance Algerias MLE Project

Canadas First Calgary Petroleums (FCP) intends to seek financing after the summer for the development of its Menzel Ledjmet East (MLE) project in Algerias Berkine Basin, MEES learns. Originally the company had expected to approach the bank market for funds in early 2Q08 for the natural gas and NGLs project, but activities were delayed when shareholder Waterford...