Middle East Economic Survey
Indian Oil Consortium Signs Deal With Libya For Block 86
A consortium comprised of Indian Oil Corporation (IOC) and Oil India Limited (OIL) on 21 March signed with the Libyan National Oil Corporation (NOC) an exploration and production-sharing agreement (EPSA) for Block 86, which is located in Libyas Sirte Basin. IOC and OIL won the block during Libyas EPSA-IV licensing round in January (MEES, 7 February). The block covers an area...