LIBYA

Badri Suggests US Oil Companies Might Retain Frozen Assets after 30 June 

Mr. 'Abd Allah al-Badri, head of Libya's National Oil Corporation (NOC), told Reuters on 16 June that there might be a way for the five US oil companies operating in Libya to maintain their concession agreements after 30 June but without drawing revenue from the sale of their share of oil. While he did not elaborate further on the subject, it is understood that the companies have proposed during...