VOL. XLII

No. 30

26-July-1999

LIBYA/TUNISIA

Nimr And Petronas Farm Out Share In Libyan/Tunisian Offshore Block To Medex

MEES learns that Medex Petroleum Ltd. has joined theprivate Saudi oil firm Nimr and Malaysia痴 Petronas Carigali in the offshore 7thNovember block, which straddles Libyan and Tunisian waters. Nimr is theoperator of the venture with a 45% share, along with Petronas (35%) and Medex(20%). Medex is an oil exploration and production company registered in Cypruswith headquarters in...