Middle East Economic Survey

VOL. XLVIII

No 12

21-March-2005

LIBYA

Petrobras And Verenex Sign License Contracts With Libya

Brasils Petrobras, Canadas Verenex and their respective partners have signed exploration and production-sharing agreements (EPSAs) with Libyas National Oil Company (NOC) for the concessions awarded during Libyas first upstream licensing round in January (MEES, 7 February). Petrobras and its partner, Australias Oil Search, signed their contract on 15 March for offshore Block 18...