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...
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