Middle East Economic Survey
VOL. LII
No 26
29-Jun-2009
LIBYA
Verenex Energys Row With Libyas NOC Blows Open
A statement published by Verenex Energy last week made public the frustrations of the Canadian firm in its dealings with the Libyan authorities. Verenex hopes to capitalize on the discoveries it has made at Area 47 in the Ghadames Basin, by accepting a buyout offer from Chinas CNPC in February. But Libya has yet to authorize the deal, and may be looking to buy the company for a lower price,...
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