Libya wants to modernize its oil industry with foreign help

Apr 27, 2004 02:00 AM

Libya wants European and US firms to invest in Libya's oil industry and help develop it, Libyan leader Muammar Gaddafi said.
"We need European companies, we need American companies to upgrade and modernize the wells of gas and oil and to upgrade them," he told in Brussels with European Commission president Romano Prodi. He was speaking after arriving in Brussels for a landmark visit, his first trip to Europe in 15 years.

Source: Islamic Republic of Iran Broadcasting News Network
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