Canada's Sonde Resources Corp. has determined that the Zarat field
contained sufficient reserves of crude oil and natural gas to warrant
development, Middle East Newsline reported. Zarat, which comprises 768,000 acres, could contain 362 million
barrels of oil and 981 billion cubic feet of gas.
So far, Sonde has been unable to develop Zarat because of Libyan
interests in the energy block.
Also In This Edition
The regime of Libyan Col. Moammar Gadhafi,
fighting rebels in much of the country, has been under United Nations
sanctions since February.
The Tunisian government has not approved a development plan for its
portion of Zarat, located in the Mediterranean Sea. About half of the oil
and gas were believed located in the 7th of November block shared by the two