Nippon Oil to take part in Libyan oil projects auctions

Jan 13, 2005 01:00 AM

Nippon Oil will bid for oil and natural gas development projects in Libya at international auctions.
At the auctions 15 projects will be offered for tender.

Two other Japanese firms -- Teikoku Oil and Japan Petroleum Exploration Co. -- will be among 63 firms taking part in the auction.
It will be Libya's first auctions since the US lifted economic sanctions in September.

Source: Asia In Focus
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