Middle East Economic Survey

VOL. XLVIII

No 22

30-May-2005

morocco

Baraka Petroleum To Evaluate Oil Reserves Offshore Morocco

Moroccos national oil company Office National de Recherches et dExploitations Pétrolières (ONAREP) recently signed a memorandum of understanding (MOU) with Australias Baraka Petroleum to evaluate oil reserves in the Cap Juby region. The tenement covers approximately 3,591 sq km offshore Morocco, 400 sq km of which are located in an area under UN jurisdiction. The MOU gives...