(Bloomberg) -- Libya, the site of Africa's largest oil
reserves, will hold its first auction of natural-gas exploration
rights in December, as the nation seeks to increase its sales of
the fuel to Europe, the state-run oil company's chairman said.
Libya will disclose ``in the next few days'' the exact
plots of land where drilling rights will be offered to foreign
oil companies, Chairman Shokri Ghanem of National Oil Corp. said
in a telephone interview yesterday evening from Tripoli. The
licenses to explore will be awarded in an auction in early
December in which companies will bid openly, he said.
Read more at Bloomberg Emerging Markets News
reserves, will hold its first auction of natural-gas exploration
rights in December, as the nation seeks to increase its sales of
the fuel to Europe, the state-run oil company's chairman said.
Libya will disclose ``in the next few days'' the exact
plots of land where drilling rights will be offered to foreign
oil companies, Chairman Shokri Ghanem of National Oil Corp. said
in a telephone interview yesterday evening from Tripoli. The
licenses to explore will be awarded in an auction in early
December in which companies will bid openly, he said.
Read more at Bloomberg Emerging Markets News
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