Middle East Economic Survey

VOL. LIII

No 51

20-Dec-2010

TURKEY

Valeura Energy Takes Equity In Turkeys Edirne Gas License

Canadas Valeura Energy has purchased a 35% interest in the Edirne Exploration License 3839 in the Thrace Basin for $3.1mn, the company announced on 14 December. The assets were owned by Edirne Enerji Petrol Arama Uretim Ve Ticaret Sirketi, a wholly-owned affiliate of Australia-based Otto Energy. The agreement is subject to certain operating adjustments to be made at...