VOL. XLV

No 1

7-January-2002

ALGERIA

Medex Petroleum Wins Illizi BasinUpstream Package

Sonatrach has concluded anAssociation Agreement with Cyprus-registered Medex Petroleum Ltd for Block 221Bon the edge of the North Bordj Omar Idriss area of the southern Illizi Basin.The contract was signed in Algiers on 23 December in the presence of Energy andMines Minister Chakib Khelil and Medex chief executive officer Tarek Mekada.Under the terms of the deal, which is an association contract (Sonatrach 51%,...