Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

algeria

Canadas First Calgary Terminates Joint Venture Talks With Repsol On Algerian Assets

Canadas First Calgary Petroleums (FCP) on 15 June announced it had terminated joint venture discussions with Spains Repsol Exploration Argelia, saying shareholders interests would be better served if FCP further explored and appraised its Algerian assets independently. FCP said it would work to a target of doubling its proved and probable reserves...