Middle East Economic Survey
VOL. XLIX
No 3
16-January-2006
LIBYA
Amerada Hess 2006 Budget Allocates $779Mn For Libya And Egypt
Amerada Hess on 11 January announced a $4bn capital and exploratory expenditure program for 2006 that allocates $366mn for re-entry to Libyas Waha concession and $413mn for the acquisition of assets in Egypt from Apache Corporation. As a partner in the Oasis Group with ConocoPhillips and Marathon Oil, Amerada Hess announced on 29 December that the group had reached...
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