RealNews

Libya awards oil permits to Asian, European companies

Libya awarded 44 oil exploration permits to predominantly Asian and European companies after a first batch was awarded earlier this year mainly to American firms. A total of 51 firms took part in bidding for rights to hunt for oil in Libya, which has Africa’s largest oil reserves. Libya’s national oil company awarded the permits to companies that paid a total of 103 million dollars to explore and exploit the fields alongside the national company. Full Story

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