VOL. XLVII

No 13

29-March-2004

LIBYA

SOCO Completes Sale Of Odex Stake To Gazprombank

SOCO International announced on 5 March it had completed the transaction whereby its 100% owned subsidiary SOCO North Africa Ltd and Libyas Oilinvest agreed to sell the entire issued share capital of OILSOC Investment Company to Russias Gazprombank. OILSOC assets consist entirely of its 20% shareholding in ODEX Exploration Ltd, a specific-purpose upstream joint venture formed by Oilinvest and SOCO to identify,...