VOL. XL

No. 39

29-September-1997

TUNISIA

Arco Announces Completion Of Purchase Of Elf's Tunisian Assets

Arco Mediterranean, Inc. announced on 23 September that its purchase of Elf Aquitaine'sTunisian assets had been finalized. Elf of France and US-based Arco, parent company ofArco Mediterranean, agreed to the deal in July (MEES, 28 July). The agreementincludes Elf Hydrocarbures Tunisie's (EHT) 50% holding in the offshore Ashtart oil field,the other half of which is owned by Tunisia's...