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hardman-mauritania

  1. 2,099 Posts.
    Now this is the news we Hardman readers want to see, another oil comany heading into Mauritania.
    Total oil would not be venturing if the country was unstable, great news.

    Mauritania, French company sign oil exploration contract
    June 25, 2003 6:18am

    Nouakchott, Mauritania (PANA) - The Mauritanian government and the Total oil company Tuesday signed an agreement here allowing the company to prospect for oil in the country.
    Mauritania Mines and Industry minister Zeidane H'Meida signed for the government, while Jean Phiplipps Magnant, vice president of the Maghreb branch of Total oil signed for the company.

    Under the agreement, the French company would undertake oil exploration in the basin of Taoudeni, located in the Mauritanian desert.

    It will conduct a series of geological studies on the site to identify two oil blocks located in the basin, officials said.

    They said if oil were discovered in the basin, Total would then sign a contract with the Mauritanian government to exploit the commodity.

    Publication: Panafrican News Agency (PANA) Daily Newswire

    Distributed by Financial Times Information Limited - Asia Africa Intelligence Wire

    Web Site
    http://hoovnews.hoovers.com/fp.asp?layout=displaynews&doc_id=NR20030625670.2_e2af0009085946f6




 
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