Middle East Economic Survey

VOL. XLIX

No 47

20-Nov-2006

tunisia

Petrofac Resources Acquires 45% Of Tunisias Chergui Concession

The UKs Petrofac on 9 November announced that its Resources division had for $30mn acquired a 45% interest in Tunisias Chergui concession, located on and around Kerkennah island, near Sfax, from state-owned Entreprise Tunisienne dActivités Pétrolières (ETAP). Petrofac will be operator of the concession while ETAP will hold 55%. Relevant government authorities must yet...