By Dr. Mohamed Karbal, Managing Partner at Karbal & Co. Dr. Mohamed Karbal is a New York lawyer and founding partner of Karbal & Co, a full-service international law firm with offices in Libya and Dubai that serves the needs of international and domestic client with their operations in Libya and the United Arab Emirates. […]
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 […]