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Yemen and Egypt oil fields for sale
- Middle East: Thursday, March 20 - 2008 at 10:53
Australian company Oil Search is selling much of its Middle Eastern operations, including oilfields in Yemen and discoveries in Egypt, to help fund its share of a $4bn Papua New Guinea liquefied natural gas project. It said 40 companies have so far shown interest in its portfolio and it will open a data room in Dubai in April to prospective buyers. Sale prices have not been announced.
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StaffThursday, March 20 - 2008 at 10:53 UAE local time (GMT+4)
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