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Italian oil group Eni links with Algerian partner to explore Mali



AFP
MILAN
Petroleumworld.com 11 11 06

Italian oil group Eni said Friday it had bought five exploration licences in Mali for areas it planned to develop in partnership with the state-owned Algerian group Sonatrach.

Eni is to own 50 percent of the operating company, while Sonatrach is to take 25 percent, with the rest owned by public and private Malian investors.

The five exploration blocks cover an area of 193,000 square kilometres (77,200 square miles) about 1,000 kilometres (620 miles) north of the capital Bamako in the central part of the Taodueni basin, which has not so far been explored, Eni said.
bur/adp/wai


AFP 10 1304 GMT 11 06

Copyright© 2006 AFP. All Rights Reserved.

 

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