Middle East Economic Survey

VOL. L

No 28

9-July-2007

LIBYA

Libyas Limited Infrastructure Hampers Gas Expansion Plans

As Libya prepares to announce its latest exploration bid round in the next few days, which the chairman of the National Oil Corporation (NOC) Shukri Ghanem has said will focus on gas prone areas (12 contracts involving 41 blocks), there are signs that the country is set to transform its gas sector. BP returned to Libya in May, hoping to find enough gas at its 54,000 sq km of onshore...