Middle East Economic Survey


No 18



Libya To Buy Verenex Within Weeks, Says Ghanem

Libyas top oil executive Shukri Ghanem said last week that he hoped the National Oil Corporation (NOC) would within weeks conclude the acquisition of Verenex Energy. We confirmed to them that were exercising [our pre-emption right], the NOC chairman told journalists in Nicosia on 29 April. We discussed it with them and it is agreed and established. And we informed the Chinese... We are taking...