VOL. XLV

No 1

7-January-2002

LIBYA

Qadhafi Foundation DeniesInvolvement With Bula Resources

The Qadhafi InternationalFoundation for Charitable Associations on 14 December issued a statementdenying press reports of any involvement in the purchase of shares in theAnglo-Irish Oil Firm, thought to refer to Dublin-registered Bula Resources(For full text of statement, see below). On 11 December, Bula announced it hadplaced 77mn new ordinary shares worth a total 1.383mn ($1.229mn), of which50mn shares...