Middle East Economic Survey

VOL. XLVIII

No 27

4-July-2005

MAURITANIA

Baraka Petroleum Signs Farm-Out Agreement With CNPCI For Coastal Block 20A

Australias Baraka Petroleum on 29 June announced it had signed a farm-out agreement with CNPC International (CNPCI), the overseas ventures arm of China National Petroleum Corp (CNPC), regarding is 100%-owned coastal Block 20 in Mauritania. Baraka, through its wholly-owned subsidiary Brimax Petroleum International (BPI), gained approval for a...