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Venture eyes Tunisia riches



By Upstream staff 

A Tunisian/Algerian joint venture between countries' the two national oil companies will explore for oil and gas off Tunisia, officials announced today.

The joint venture - operating through a new outfit called Numhyd - will explore and exploit any hydrocarbons discovered in the Kaboudia area, 200 kilometres east of Tunis.

Numhyd won an Algerian permit on 7 July for blocks 220A and 220B in Illizi province.


Friday, 18 July, 2003, 13:46 GMT  | last updated: Saturday, 30 April, 2005, 09:16 GMT

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