Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

tunisia

ETAP Awards Storm Ventures, Med Oil Exploration, Reconnaissance Permits

Tunisias state-owned oil company Entreprise Tunisienne dActivités Pétrolières (ETAP) on 30 May awarded the Hammamet offshore exploration permit to Storm Ventures International as a contractor, with ETAP retaining 100% ownership of the block. The permit covers a 4,676 sq km area and exploration will be carried out over an initial five-year period. Storm Ventures...