VOL. XXXI

NO. 25

28-MARCH-1988

LIBYA-ALGERIA

Algeria and Libya Set Up Joint Oil and Geophysical Companies

Algeria and Libya have set up two joint companies to explore for andproduce oil and carry out geophysical surveys.

Decree 88-14 of 2 February, published in the Algerian Official Gazette of 3February, establishes the Algerian-Libyan Oil Company with a capital of $lmn, tobe contributed in equal shares by the Algerian state oil group Sonatrach andLibya's National Oil Company (NOC). The new...