Tag Archives | EPSA V

No New Oil Agreements Before Mid-2014

National Oil Corporation (NOC) Chairman Nuri Berruien [Nuri Balrwin] (pictured), has confirmed that there are to be no new exploration-production sharing agreements (EPSAs) before mid-2014. Answering questions at the end of a conference in London, he added that this would probably be “during a constitutional government”, implying that the current “interim” government is not deemed […]

Libya to Sweeten Terms for Foreign Oil Companies

Reuters reports that Libya plans to improve the terms for foreign oil companies ahead of its next licensing round, which could begin as early as the third quarter of 2013. OPEC member Libya has reserves of over 40 billion barrels, but analysts have warned that some of the toughest terms in the business could act […]