TITLE

Evolution of Libyan Petroleum Exploration and Production Contracts

AUTHOR(S)
Massaras, Dimitri V.
PUB. DATE
January 2004
SOURCE
Doing Business with Libya;2004, p118
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article discusses the evolution of the petroleum exploration and production contracts in Libya. National Oil Corp. and its production subsidiaries Agoco, Sirte, Waha and Zueitina have the major control of the sector. The Petroleum Law no. 25 of 1955 govern the exploration and production activities. The contracts have evolved in the forms of reconnaissance permits, concession and joint venture contract terms.
ACCESSION #
19281487

 

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