Middle East Economic Survey
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...