Tag Archives | New oil law

Hopes of Foreign Investment in Shale Gas

Libya's National Oil Corporation (NOC) plans to allow foreign investors to take joint venture stakes of about 40 percent in shale gas projects, twice the share of existing contracts signed under the Qaddafi regime. The National reports that using fracking technology on Libya’s estimated 122 trillion cubic feet of shale gas – double the nation’s conventional […]

Sanalla Advocates Completion Of New Oil Law

Libya and Algeria are among Africa's top four oil producers, and alongside Egypt, are major suppliers of gas to Europe. According to Reuters, NOC board member Mustafa Sanalla has said that the Libyan government should finish drafting a new oil law as an incentive to foreign oil companies by the end of this year or early next year. […]