Middle East Economic Survey

VOL. XLIX

No 7

13-February-2006

regional/MOROCCO

Baraka Petroleum Withdraws From Cap Juby

Baraka Petroleum announced on 31 January to the Australian Stock Exchange (ASX) that it had ended its involvement in the Cap Juby prospect and did not intend to pursue it. The government of the Saharawi Arab Democratic Republic (SADR) had previously objected to what it deemed Barakas illegal involvement in the offshore area of Western Sahara and had called on the Australian oil...