VOL. XXXVI

NO. 37

14-JUNE-1993

LIBYA

Upstream Activities In Libya

MEES learns that the negotiations currently being held between Libya'sNational Oil Corporation (NOC) and Spain's Repsol over the development of theMurzuk oilfield is now focusing on the demands put forward by Repsol for sweetening the economic terms of the EPSA-II agreement signed originally inthe early 1980s between NOC and Romania's Rompetrol. Repsol has bought outRompetrol's full share in the field for the sum of $60mn plus a...