US and Libya talk about oil cooperation

Apr 10, 2005 02:00 AM

US Assistant Secretary of State for Economic Affairs Paul Simmons began talks with senior Libyan officials on bilateral oil and gas cooperation.
Officials in Tripoli said Simmons, who arrived in the country, held talks with Energy Minister Fathi bin Shatwan and Economic and Trade Minister Abdul Qader Khair.

They said the talks focused on expanding joint investments to develop Libya's oil industry and increased bilateral economic and trade cooperation between the two countries.
Officials told the north African nation wants to develop cooperation with the United States to enable it to meet its targeted oil production of 3 mm bpd by 2010. Libya last year granted American oil firms most of the country's oil drilling contracts.

Source: United Press International
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