Middle East Economic Survey

VOL. LI

No 3

21-January-2008

ALGERIA

Alnaft Approves Gulf Keystones Development Of Block 126A

AIM-listed Gulf Keystone announced on 10 January that it had received the approval of Algerias regulatory authority, Alnaft, for the development of its GKN and GKS oil fields in Block 126a in the Constantine Basin, near the Tunisian border. The development plan envisages raising output from the GKN-1 well, which produces 1,200 b/d, and bringing the GKS-2 well on-stream as soon...