Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

tunisia

MOG Relinquishes Stake In Tunisian Permit

UK-based Mediterranean Oil and Gas (MOG) has relinquished the 25% stake it held through its subsidiary Malta Oil in the onshore Mejerda permit in northern Tunisia. The second extension of the permit expired on 6 December, with Malta Oil now facing a potential contractual liability of 350,000 as a result of its withdrawal without completing the exploration program. The company cited...