VOL. XLVI

No 16

21-April-2003

LIBYA

Gazprombank Acquires 20% Interest In Oilinvest, SOCO Joint Venture

Gazprombank, the banking arm ofRussias state-owned gas company Gazprom, signed a heads of agreement to acquire a 20% stake in the Oilinvest/SOCO International joint venture Odex Exploration on 10 April. UK-listed independent SOCO International and Dutch-registered Libyan company Oilinvest established Odex in November 2001 to identify, develop, produce and market hydrocarbon opportunities in Libya...