Algeria : Petroceltic strengthens asset portfolio

Oil and gas exploration company Petroceltic said it made “significant” progress on an operational and financing level as it strengthened its asset portfolio and decreased losses over the past year.

The company, which is focused on the Middle East, North Africa and the Mediterranean region, said the Ain Tsila appraisal programme, the farm-out to Enel and entry into the Kurdistan region of Iraq had helped bolster its position.

Publishing its interim results…read more

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