VOL. XXXI

NO. 45

15-AUGUST-1988

LIBYA

NOC Establishes Geophysical Joint Venture with Canadian Firm

A new joint venture, the North African Geophysical Exploration Company (NAGECO),was recently established in Tripoli, with Libya's state-owned National OilCompany (NOC) holding 51% and Western Geophysical Company of Calgary, Canada,owning a 49% interest. The exploration manager of the Benghazi-based ArabianGulf Oil Company (AGOCO) will head the new joint venture. Western Geophysical,a division of the...