Middle East Economic Survey

VOL. XLVIII

No 23

6-June-2005

Algeria

Cabinet Renews Sonatrachs Oil Exploration Permit On Gara Tesselit

Algerias cabinet on 8 March approved a decree renewing the oil exploration permit awarded to Sonatrach on 18 January 2000 for the Gara Tesselit block (Block 245). The permit, covering a 7,653.63 sq km area, was renewed for five years starting from January 2005.

Gassi Touil/Rhourde Nouss Approval

A presidential decree issued on 6 March ratified the contract signed on 1...