Middle East Economic Survey

VOL. XLVIII

No 36

5-September-2005

TURKEY

Antares Energy Sells Amity Oil To Turkeys Zorlu Petrogas

Australias Antares Energy on 30 August announced that it had signed an agreement with Turkeys Zorlu Petrogas for the sale of 100% of the share capital for Amity Oil International, a wholly-owned subsidiary of Antares. Amitys principle asset is a 50% stake in the Thrace Joint Venture in Turkey which is developing the Gocerler, Adatepe and Cayirdere gasfields. Zorlu Petrogas...