VOL. XXXVI

NO. 39

28-JUNE-1993

LIBYA

Work Slows Down On Large Offshore Gas Reserves

MEES understands that work has slowed down on the exploration anddevelopment of the huge gas reserves in Libya's offshore Block NC-41, where theconcession is held by Italy's Agip. It is understood that political andfinancial constraints are the main reasons behind the delay, particularlyuncertainty over the campaign by the US, UK and France to strengthen UNsanctions against Libya and the political turmoil in...