LONDON (Thomson Financial) - Xtract Energy Plc. said it has entered in a joint venture agreement with Alraed Ltd. Investment Holding Company WLL, to evaluate and develop oil shale projects in Morocco.
The company said the joint venture company, Xtract Energy (Oil Shale) Morocco SA, has recently signed a memorandum of understanding with the Office National des Hydrocarbures et des Mines for evaluation and possible development of an oil
shale deposit near Tarfaya, in the south west part of Morocco.
Xtract Energy currently holds 70 percent of the joint venture. [email protected] net/slm
The company said the joint venture company, Xtract Energy (Oil Shale) Morocco SA, has recently signed a memorandum of understanding with the Office National des Hydrocarbures et des Mines for evaluation and possible development of an oil
shale deposit near Tarfaya, in the south west part of Morocco.
Xtract Energy currently holds 70 percent of the joint venture. [email protected] net/slm
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