VOL. XXXVII

NO. 2

11-OCTOBER-1993

LIBYA

Libya Relinquishes Majority Control In Oilinvest

Libya has relinquished majority control in Oilinvest in favor of some of itsEuropean partners, according to a statement issued by Oilinvest on 2 October.The measure is understood to be a precautionary step over possible UN sanctionsand a move to protect the European shareholders' interests.

Oilinvest is a Libyan-owned holding company established in 1988 and isregistered in the Antilles. It has two fully owned...