VOL. XXXIX

No. 63

9-December-1996

LIBYA

Bulgaria Agrees To CanOxy Takeover Of Its Libyan Concessions

The Bulgarian Government and CanadianOxy have reached an agreement in principle that would allow the Canadian firm to hold majority control and operate the two concessions held by Bulgaria's Geokom in Libya, according to a special report from Sofia published on 2 December in the Kuwait daily al-Watan. The agreement, reached after 16 months of negotiations, calls for the establishment of a...