Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1930)	11/28/2000 11:19:47 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

Libya oil co to start signing deals with major cos by June, detailed negotiations planned for early January AFX Europe, Nov 27, 2000 Libya's National Oil Corp (NOC) aims to start signing major oil and gas contracts with international oil companies by next June, NOC chairman Ahmad Abdulkarim Ahmad said in an interview with Middle East Economic Survey (MEES). Detailed negotiations are planned for early January and agreements scheduled to be signed with firms by mid-2001. The areas open for investment include the whole spectrum of the oil and gas industry in Libya, with a focus on the development and export of natural gas, the NOC chairman said. A total of 137 blocks covering 835,000 square kilometres are being opened to foreign companies for exploration in production-sharing agreements, according to MEES. MEES said Libya's current oil production capacity is estimated at 1.6 mln bpd, a figure expected to rise to 2 mln bpd in two years. hc/lp/mb/jsa/wf