VOL.XXXIXNo. 5728-October-1996LIBYA

BulgariaSells Libyan Oil Assets To Canadian Firm; Elf Aims To Reactivate OffshoreConcessionMEES learns that last week a major Canadian oil firm signed upstream contractswith Libya's National Oil Corporation (NOC) regarding the development ofoil concessions in the Sirte, Ghadames and Murzuk Basins. The agreementsinvolved the purchase of the oil assets of a Bulgarian firm as well as afarm-in accord with an Irish company.In the first instance, Bulgaria's...