Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

REGIONAL

SADR Launches Bidding Round For Offshore Western Sahara Blocks

The Saharawi Arab Democratic Republic (SADR) on 17 May launched an international bidding round for oil and gas licenses offshore the Western Sahara, the former Spanish colony claimed by Morocco that has yet to gain formal recognition as a sovereign state. Despite the territorys unresolved status, SADR officials said the offering of exploration and development contracts...