VOL. XLIV

No. 02

8-January-2001

LIBYA

NOC Issues Another Denial Over Irelands Bula Oil

Libyas National Oil Corporation (NOC) has again denied press reports of any negotiations for oil permits with Irelands Bula Resource Holdings. In a fax sent to MEES on 25 December 2000, NOC said it has been circulated in the media that the Irish company Bula Resource Holdings plc has commenced negotiations with NOC on certain areas referred to in the news as packages 1 and 2. NOC finds itself obliged for the...