Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

MOROCCO

UK-Australian JV Signs Morocco Offshore Reconnaissance Accord; Spain Demands Details

A consortium consisting of the UKs Afrex, and Cooper Energy and Pancontinental Oil & Gas, both of Australia, on 29 July signed an agreement with the Moroccan state oil company ONAREP, paving the way for the granting of a reconnaissance license (RL) to explore for oil and gas in the Mediterranean offshore Morocco. Afrex is operator for the...