Middle East Economic Survey

VOL. XLVIII

No 27

4-July-2005

ALGERIA

Petroceltic Says Isarene Concession Holds Large Gas Reserves

Irelands Petroceltic International on 22 June said that new data showed a multi-trillion cubic feet gas deposit on its Isarene contract area in southern Algeria. The Dublin-based company announced on 1 June that it had been notified by Sonatrach that its production-sharing contract (PSC) for the Isarene concession in the Illizi Basin had come into force. A statement on 22...