Tag Archives | Oil Licensing Round

2014 Licensing Round May Include Gas

A spokesman for the National Oil Corporation (NOC) has said that Libya may offer areas containing natural gas in its next auction of energy-exploration rights, which is planned for next year. The company's petrochemical and gas superintendent, Mansour Emtir, told Bloomberg: “It is possible that the bidding round could include gas ... We need more gas […]

Libya Delays Oil Licensing to Q1 2014

Libya expects to announce the terms of its new oil licensing round in early 2014, according to Deputy Oil Minister Omar Shakmak. Officials have previously said they hoped to invite bids for new exploration blocks by the end of the year. Reuters reports that they are in the process of collecting feedback from foreign oil […]

Libya Prepares Law for Oil Licensing Round

Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] (pictured), has told the Financial Times that Libya is drawing up an oil law to allow the country to launch a licensing round before the end of the year. A committee has been formed to draft the law, and it is expected to be […]