Middle East Economic Survey

VOL. L

No 15

9-Apr-2007

LIBYA

NOC Signs EPSA Agreements With Taiwans CPC, Russias Tatneft

Libyas National Oil Corporation (NOC) has signed separate exploration and production-sharing agreements (EPSAs) with Taiwans CPC Corporation and Russias Tatneft for blocks awarded last December at the conclusion of the countrys third international licensing round (MEES, 1/8 January). CPCs agreement covers Blocks 1 and 2 in Contract Area 162 in the Murzuq Basin. CPC is to acquire...