26 Feb 2009 11:23
Ramco Energy plc
February 26 2009
Iraqi joint venture signed
Ramco Energy plc ("Ramco") the Aberdeen-based energy investment company is pleased to confirm that it has just been notified that the joint venture between the state owned, Iraqi Drilling Company ("IDC") and Ramco's associated company Mesopotamia Petroleum Company Limited ("MPC") has been signed by MPC, IDC and the Iraqi Ministry of Oil today in Baghdad.
Ramco holds a 32.66 per cent. interest in MPC, which was set up specifically to secure a position in Iraq through bidding on oil services contracts as well as exploration and production opportunities.
A more detailed announcement will be issued later today or tomorrow.
ENQUIRIES:
| Ramco Energy plc | ||
| Steven Bertram | Managing Director | 01224 748480 |
| Ambrian Partners | ||
| Andrew Craig | 020 7634 4700 | |
| Richard Swindells | ||
| College Hill | ||
| Nick Elwes | 020 7457 2020 |