VOL. XLV

No 12

25-March-2002

MOROCCO

Lukoil To Sell Morocco OnshoreAssets, Maintain Egypt Investment

Russias Lukoil announced on 12 Marchthat it plans to sell the share in three Moroccan onshore exploration blocks itoriginally acquired through its July 2001 purchase of Canadas Bitech Petroleum Corp (MEES, 3 September 2001). Based on the results of an economic analysis conducted,the deposits in Sakhalin and Morocco were recognized as economicallyineffective and their further development could have...