Petroleum Africa
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Thursday, May 19, 2016
The Carlyle Group revealed it has made an investment in Tunisia-focused oil and gas explorer Mazarine Energy. Mazarine will receive $500 million to make bolt-on acquisitions in Europe and North Africa.
The deal is the first investment in over a year for Carlyle International Energy Partners, the private equity firm’s overseas oil and gas investment fund, which has more than $2.5 billion at its disposal.
Mazarine will look for investments that allow it to enter “low cost, low-risk opportunities” in onshore exploration and production assets.
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