Following a competitive bidding round and subsequent discussions with successful applicants, the Government of the Saharawi Arab Democratic Republic (SADR) is pleased to formally announce that it has entered into separate agreements with international oil and gas companies to participate in the exploration of its sovereign territory.

The agreements entered into conform to oil industry standards, are comparable with those utilised in adjacent territories and importantly follow accepted International legal principles and UN guidelines with respect to non-self governing territories.

1 March 2006

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