Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

MOROCCO

Norsk Hydro Signs Offshore Morocco Exploration Deal

Norways Norsk Hydro on 11 July announced that it had signed an agreement with Morocco for further offshore exploration in the Northwest Safi area. Norsk Hydro is operator of the program with 48.75%, while partners are Dana Petroleum with 26.25% and Moroccos state-owned ONAREP with 25%. Norsk Hydro told MEES that the new agreement was a continuation of an exploration deal that...