VOL. XXXIX

No. 46

12-August-1996

LIBYA

Libya's NOC Awards E&P Agreement To Bula Resources

Libya's National Oil Corporation (NOC) has awarded the Dublin-based Bula Resources (Holdings) Plc an Exploration and Production Sharing Agreement (EPSA) covering two blocks in the Sirte Basin and one block in the Ghadames Basin, according to an announcement by Bula on 8 August. The contract, announced immediately after the enactment of the US sanctions against new oil investments in Libya and Iran,...