Middle East Economic Survey

VOL. XLVII

No 34

23-August-2004

Libya Launches First Of Several Upstream Bid Rounds Under EPSA-IV Contract

Libyas National Oil Corporation (NOC) on 16 August launched the first upstream licensing round to be governed by the Exploration Production-Sharing Agreement IV (EPSA-IV) model (MEES, 3 May). In a telephone interview with MEES, NOC Chairman Abd Allah al-Badri said that this represented the first of several licensing rounds, with future offerings taking account of...