Middle East Economic Survey

VOL. XLVII

No 31

02-August-2004

LIBYA

Norsk Hydro Signs Cooperation Agreement With Wintershall For Libya Exploration

Norsk Hydro announced on 19 July it had signed an agreement with Germanys Wintershall to cooperate on exploration, development and production of any oil and gas discoveries in Libya. According to the agreement, Hydro will be operator in the operations phase if commercial discoveries are made offshore of Libya. Wintershall will be operator of any...