Middle East Economic Survey


No 48



Woodside To Exit Libya Early Next Year

Australias Woodside Petroleum said last week that it has reached an agreement on the sale of its onshore Libyan acreage, while the offshore blocks are on the market and the firm plans to leave the country by early 2010. The announcement was made discreetly at an annual investors briefing on 24 November, and a spokesman declined to give details of the buyer of its six onshore EPSA-3 licenses. He said...