THE WALL STREET JOURNAL: Libya Govt Gives Go-Ahead For New Energy Auction-Official
7 May 2005
DOW JONES NEWSWIRES
LONDON — The Libyan government has given the go-ahead for Libya to offer a second oil and gas bidding round to foreign oil majors, a top Libyan oil official said Friday.
Abdulla Salem El-Badri, chairman of the Libyan National Oil Co. (NOI.YY), told Dow Jones Newswires that as part of the latest auction, 26 energy contracts will be awarded Oct. 2 to international oil majors. He said the projects include 44 oil and gas blocks, based both offshore and onshore.
“We are optimistic and hopeful the latest round will be a big success, El-Badri said.