Middle East Economic Survey

VOL. XLVIII

No 17

25-April-2005

ALGERIA

First Calgary Considering Complex Proposals For Algerian Assets

Having put itself up for sale last year with a bidding deadline of 15 April 2005, Canadas First Calgary Petroleums (FCP) on 16 April announced that it had initiated a process to seek and evaluate strategic alternatives for the company and was considering a number of complex proposals. Shortly before the bidding deadline, FCP issued an update on its oil and gas...