Libya to issue tenders for oil prospecting

 

Tripoli, Libya (PANA) - The second round of tenders for oil prospecting in six areas of Libyan fields will be held on 2 October, the head of the cooperation department of the National Oil Corporation (NOC) has said.

NOC Director Ridha Said told PANA over the weekend that 66 of the 97 applicant international oil companies were selected because they met the required technical and financial criteria as specified.

Among the selected companies, 19 are currently operating in projects in Libya, he added, dismissing media reports that the selection of the companies took into account of their nationality.

For Said, "such allegations can be explained only by jealousy towards Libya which has successfully overcome the diplomatic and economic crises imposed on it."

On the procedures applied to the oil tenders, Said said that they were done "in total transparency as witnessed by all companies which bid in the previous tender, including those which won no contract."

A two-company consortium -- Occidental Petroleum Corporation from the US and Al-Liwa from the United Arab Emirates -- won the first round of tenders on 30 January 2005.
 
Tripoli - 28/08/2005
 
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