TANGIERS PETROLEUM
Tangiers is an ASX listed exploration company which has a portfolio of two potentially world class oil and gas assets located in Morocco and Australia.
Tangiers Moroccan assets include the highly prospective Tarfaya offshore block.
In Australia, assets include the significant Nova and Super Nova gas prospects located offshore Northern Australia.
Morocco
Tangiers believes that Morocco is an excellent place to conduct business. It’s stable politically, encourages foreign investment and offers excellent fiscal terms for the oil and gas sector. There is 10 year corporate tax holiday on each exploration discovery, no VAT or GST, and 10% royalty on oil and 5% on gas. Additionally, Morocco is a net importer of oil and gas and pays parity price for oil.
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