Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

TUNISIA

Patch International Signs MOU With Tunisias Carthago Oil

Canadas Patch International on 17 March announced that it had signed a memorandum of understanding (MOU) with Carthago Oil Company Tunisia giving it the right to acquire 40% of the Medjerda Block in northern Tunisia by committing $4mn to fund a work program that includes drilling one well. A Patch statement said the company had until 30 April to sign a farm-in agreement and...