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New Algerian Oil Discovery for Italy's Agip

Italy's Agip has made a new oil discovery in southeastern Algeria locatedsome 220 kms. southeast of the Hassi Messaoud oilfield. The discovery well isreported to have tested at 6,000 b/d of 42 API crude.

Agip has made two previous oil discoveries in Algeria: four years' ago atRhourde Ouled Messaoud, 160 kms. east of Hassi Messaoud, where the discoverywell tested at 5,000 b/d of 40 API crude; and last year at Bir...