Middle East Economic Survey


No 46



Libya Pushes Ahead With Tamoil Auction

Libya is considering two main options as part of its plans to sell stakes in Tamoil, MEES learns. The choices under scrutiny are an auction of either a 100% or 60% stake. Preparations for an auction, to be run by BNP Paribas, were started in mid-year, but it is unlikely that they will be completed before 2006. Sa'di al-Qadhafi, son of Libyan leader Mu'ammar al-Qadhafi, and Tamoils...