Petroceltic to expand assets in north Africa

IRISH exploration company Petroceltic is actively looking at the likes of Tunisia, Egypt, Morocco and Syria in its bid to broaden its portfolio of assets into new markets.

Addressing shareholders at its annual general meeting in Dublin yesterday, chief executive Brian O’Cathain said that management is increasingly focused on new opportunities and that “our target is transformational growth”.

The Dublin-headquartered company is chiefly active in Italy and Algeria, having recently left Tunisia.