Tunisia AwardsOffshore Permit To Argentine Firm
Tunisia'sstate-owned Enterprise Tunisienne d'Activites Petrolieres (ETAP) announced on 4March that it had signed a joint venture contract with Pluspetrol Company ofArgentina for the exploration of the offshore el Ouara tract. The four-yearpermit covers 4,032 sq. kms. and lies near the southern city of Tataouine. Underthe terms of the contract, Pluspetrol is to invest $7mn in explorationoperations.