Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

MOROCCO

Circle Oil Signs Lalla Mimouna Exploration Permits

Circle Oils wholly-owned Moroccan subsidiary Circle Oil Maroc (COML) has signed a petroleum agreement with the Office National des Hydrocarbures et des Mines (ONHYM) for the exploration and exploitation of hydrocarbons on the Lalla Mimouna Nord and Lalla Mimouna Sud permits in Moroccos Rharb Basin. The concessions, covering an area of over 2,200 sq km, are said to be geologically...