U.S. Firms to Bid on Libyan Oil Exploration Sites

U.S. companies will soon be able to bid on 15 sites Libya has offered for oil and natural gas exploration after the United States lifted some sanctions from Tripoli as a reward for ending its WMD efforts, Bloomberg News reported yesterday (see GSN, Aug. 12).

Interested companies will be able to learn more about the sites Oct. 20-29 at the Tripoli offices of the state-owned National Oil Corp. Bids on the sites are due Jan. 10 and agreements may be signed later that month, the company said on its Web site. Several U.S.- and European-based companies have expressed interest in the auction, Bloomberg News reported (Stephen Voss, Bloomberg News/Houston Chronicle, Aug. 16).

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