VOL. XXXIX
No. 25
18-March-1996
LIBYA
Red Sea Oil Buys IPC's Libyan Interests
The Vancouver-based Red Sea Oil Corporation (RSO) - which is currently owned 50% by the International Petroleum Corporation (IPC) - announced on 14 March that it has entered into an agreement in principle with IPC under which it has agreed to buy 100% of the shares of IPC's wholly-owned subsidiary, the International Petroleum Libya Ltd (IPLL), in return for 2mn newly issued...
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