Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

TUNISIA

Centurion To Sell Tunisian Producing Assets To Canadas Candax Energy

Canadas Centurion Energy announced on 28 February that it had agreed to sell its oil producing assets in Tunisia to Candax Energy for $41.2mn plus working capital adjustments effective 1 January. The sale is anticipated to close by 30 April subject to successful purchaser financing and the receipt of various third party and government consents. Centurions...