Tuesday, 2 March 2010
UAE's RAK Petroleum buys 30 pct Tunisia field stake
The UAE's RAK Petroleum has signed an agreement to acquire a 30 percent stake in a Tunisian offshore oilfield, a company statement said on Monday.
The stake in the Hammamet licence acquired by RAK Petroleum was previously held by Canada-based Storm Ventures International which will retain a 35 percent operated interest, the statement said.
Cooper Energy of Australia holds the remaining 35 percent, it added.
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