VOL. XLV

No 34

26-August-2002

LIBYA

European Firms Set To Add 175,000 B/D New Libyan Oil Capacity In 2004

European oil companies are set to add just over 175,000 b/d of new Libyan crude oil production capacity in 2004, with total new liquids production (including condensates) rising to 325,000 b/d in 2006, according to MEES projections. Yet progress on new upstream awards in the country continues to be grindingly slow. MEES understands that despite optimism last summer on imminent...