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Article: Lundin Petroleum AB sells onshore oil assets in Tunisia.(sells Compagnie Franco Tunisienne des Petroles to Spyker Energy)(Brief Article)

Article from:
Nordic Business Report
Article date:
November 21, 2003
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NORDIC BUSINESS REPORT-21 November 2003-Lundin Petroleum AB sells onshore oil assets in Tunisia(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish independent oil company Lundin Petroleum AB said on Friday (21 November) that it had sold its 50% stake in Compagnie Franco Tunisienne des Petroles (CFTP) to the French company Spyker Energy.

In addition to a cash payment of USD3m Lundin Petroleum is to provide Spyker Energy with a USD2m loan facility.

CFTP, 50%-owned by the Tunisian state, owns the Sidi El Ityem onshore oil field in Tunisia. ...

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