There are concerns the deal was privately agreed to with four major IOCs without an open tender process, and on terms that disadvantage Libya and Libyans. The fact is that the NOC could work alone on a discovered block like NC-7 where development would be cheap, quick and easy....
This raises questions as to why an uncompetitive international consortium would be invited into the mix – and who stands to gain.( Continues below) Unfortunately, NC-7 represents only a drop in the wider ocean of poss
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2024-05-14 00:00:00.0