Dublin firm approved for Algeria gas plan

Petroceltic — the Dublin- headquartered oil and gas exploration firm — has received formal final regulatory approval for the development of the Isarene/Ain Tsila gas field in Algeria.

Dublin firm approved for Algeria gas plan

The company recently increased its geographical presence to take in Black Sea assets in Bulgaria, Romania, Turkey, and Egypt via the €210m reverse takeover of British firm, Melrose Resources.

Petroceltic holds a 56.6% stake in Ain Tsila, having sold an 18.4% stake to Italian energy giant Enel. Local exploration firm Sonatrach controls the remaining 25% of the field, viewed as being one of the biggest gas finds in the world.

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