Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

TUNISIA

SOCO International Sells Tunisian Assets

SOCO International announced on 19 November it had sold its Tunisian assets, including the Zarat exploration permit offshore the Gulf of Gabes and its share in the producing Didon field to Swedish-registered PA Resources for $25mn. SOCO held a 22.22% interest in the Didon field and a similar stake in the remaining permit area (subject to the governments right to claim up to 55%), which...