Middle East Economic Survey

VOL. XLVIII

No 31

1-August-2005

LIBYA

Occidental Petroleum Sees Return To Libyan Oilfields

Chairman and Chief Executive Officer of Los Angeles-based Occidental Petroleum, Ray R Irani, on 22 July said his company had reached an agreement with Libyas National Oil Company (NOC) on its return to oilfields that the company was forced by the US government to abandon in 1986. The agreement must be formally endorsed by the Libyan government before Occidental can resume...