Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

EGYPT

Centurion Acquires Nile Delta Properties With Purchase Of US Firm

Calgarys Centurion Energy International on 22 February said it had entered an acquisition agreement for a private US company with properties in Egypts Nile Delta region and Texas. Centurion did not disclose the name of the company it would purchase, but it is understood to be Houston-based Merlon Petroleum. Centurion has agreed to pay $225mn plus working capital and...