Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

LIBYA

BP Enters Preliminary Negotiations With NOC On Gas Development Scheme

BP has begun preliminary negotiations with Libyas National Oil Corporation (NOC) on a multi-billion dollar gas exploration and development program, with a view towards establishing an LNG project. No details are available because the negotiations are in the very early stages. A BP spokesman said: We are continuing to look at opportunities in Libya and when we have...