Middle East Economic Survey

VOL. LIII

No 10

8-March-2010

tunisia

RAK Petroleum Farms Into Hammamet Concession

UAEs RAK Petroleum has acquired a 30% interest in the offshore Hammamet license in Tunisia, its first asset outside the UAE and Oman, it announced on 1 March. The company acquired its share from Canadas Storm Ventures International, which will retain a 35% operating interest, with Australias Cooper Energy holding the remaining 35%. Two drilling prospects have been identified on the license...