No. 13



US Expected To Renew Sanctions Against Libya As NOC Considers Opening Up Some Former Oasis Areas To IOCs

MEES understands that the Bush administration has rejected oil company requests to review sanctions against Libya and will instead allow the 1996 Iran-Libya Sanctions Act (ILSA) to be rolled over in a modified form when it expires next August. It is further understood that the new legislation will emphasize the two major US concerns: that Libya should...