Middle East Economic Survey


No 43



Japex Plans $48Mn Investment In Libya Exploration

Japan Petroleum Exploration Company (Japex) on 14 October said it would invest some $48mn in oil and gas exploration in Libya over the next five years. The company won two concessions in Libya during that countrys second bidding round last month. Japex was awarded Block 4 in Area 176 in the Murzuq basin, and Blocks 3 and 4 in the offshore Area 40, which it shares with other...