VOL. XXXIV

NO. 44

5-AUGUST-1991

Libya

IPC Farms Out Three Blocks in Libya to British Firms

International Petroleum Limited, a wholly-owned subsidiary of Canada'sInternational Petroleum Corporation (IPC) which is owned by the Adolf Lundingroup, has farmed out Blocks NC 154, NC 155 and NC 156 in the Sirte Basin to theBritish firms London and Scottish Marine Oil (Lasmo) and Hardy Oil and Gas. Theagreement, which has been approved by Libya's National Oil Corporation (NOC) butstill needs the...