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...
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