Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

MAURITANIA

Woodside Sells Equity In Hardman Resources

Australias Woodside Petroleum on 1 December announced that its subsidiary Woodside Mauritania Investments had sold its 67,418,478 shares in Hardman Resources for some A$118.3mn ($88.6mn) to Deutsche Securities Australia for placing in the market. Woodside purchased the shares in Hardman, another Australian company, between 2001 and 2004 and together they are the main players in four...