doing business in libya

Doing Business In Libya.26 June 2008The Deloitte Academy

Libya2 ©2008 Deloitte & Touche LLP. Private and confidential

Agenda

• 16:30 Welcome Graham Sadler

• 16:40 An overview of the oil & gas industry in Libya Anna Andersen

• 17:00 Business Practice in Libya Faik Krekchi

• 17:20 Libya E&P review Ramin Lakani

• 17:40 Environmental approvals in Libya Dr Jim Wright

• 18:00 Case Study Caron Howard & Markus Fischer

Focus on Libya.26 June 2008

Anna Andersen

An Overview of the Oil & Gas Industry in Libya

An Overview of the Oil & Gas industry in Libya4 ©2008 Deloitte & Touche LLP. All rights reserved.

• Country Facts• Proven Oil and Gas Reserves• Main Basins• Historical Brief• Industry Structure• Post-sanction Licensing Rounds• Today’s Map• Trends• Midstream and Downstream Sectors• Conclusions

Presentation Outline


Country Facts

Full name: The Great Socialist People's Libyan Arab Jamahiriya

Area: 1.77 million sq km (685,524 sq miles)

Population: 6.2 million (UN, 2007) 97% Berber and Arab

Capital: Tripoli

Head of State: Muammar al-Qaddafi

Major language: Arabic

Major religion: 97% Sunni Muslim

Monetary unit: Libyan dinar (LD)

Main exports: crude oil, petroleum products, natural gas

OPEC member since 1962


• At the end of 2007 Libya’s share of the African oil reserves was reported at 41.5 billion barrels, or 35% of the total (R/P ratio is 61.5, the highest in the continent)

• Libya’s oil production has reached 1.85 million barrels per day, or 18% of the total. In the past five years production has grown by 24.4%

Libya’s Proven Oil Reserves and Production(Source: BP Statistical Review of World Energy, June 2008)

Libya 35%

Algeria 10%

Chad 1%

Sudan 6%Tunisia 1%

Angola 7%

Congo B. 2%

Nigeria 30%

Gabon 2%

Equatorial Guinea 2%

Egypt 4%

Algeria 20%

Nigeria 23%

Sudan 4%

Tunisia 1%

Libya 18% Gabon 2%

Equatorial Guinea 4%

Egypt 7%

Chad 1%

Congo B. 2%

Cameroon 1%

Angola 17%


• At the end of 2007 Libya’s share of the African natural gas reserves was reported at 52.8 trillion cubic feet, or 10% of the total (R/P ratio is 98.4)

• Libya’s natural gas production has reached 536.56 billion cubic feet, or 8% of the total. In the past five years, production has grown by 162%

Libya’s Proven Gas Reserves and Production

Egypt14%

Nigeria37%

Other Africa

8%

Libya10%

Algeria31%

Egypt24%

Nigeria18% Other

Africa6%

Libya8%

Algeria44%

(Source: BP Statistical Review of World Energy, June 2008)


Main Basins – Sirte

• Discovered in 1958 by the Oasis Group (A-001-032)

• Area 600,000 km2

• 80% of Libya’s known reserves, ~90% of oil production

• Estimated recoverable reserves of33.2 billion bbls of oil (EIA, 2007) and >30 tcf of gas (AAPG, 2002)

• Estimated remaining undiscovered in place reserves of ~50 billion BOE (AAPG, 1999)

• Drilling density of ~3 wells per 100 km2 (a third of North Sea)

• Offshore area largely unexplored

• 16 Giant Fields including Sarir, Messlah, Bu Attifel, and MasrabSirte-Zelten


Main Basins – Ghadames

• Discovered in 1957 by EssoStandard (B-001-001)

• Area 350,000 km2

• Estimated recoverable reserves of >3 billion bbls of oil (AAPG, 2002)

• Estimated remaining undiscovered in place reserves of 11 billion BOE (AAPG 1999)

• 1 Giant Field, Al Wafa(discovered 1991, ENI operated)


Main Basins – Murzuk

• Discovered in 1978 by the NOC (A-001-NC058)

• Area 320,000 km2

• Estimated recoverable reserves of >2 billion bbls of oil (AAPG, 2002)

• Estimated remaining undiscovered in place reserves of 35 billion BOE (AAPG, 1999)

• Only 4 wells drilled up to the 2000, more than 100 drilled since

• Increased interest in recent years (ENI, OMV, Repsol , TOTAL, StatOilHydro, Occidental, Chevron)

• 1 Giant Field, Elephant (discovered in 1997, ENI operated)


Libya: Historical Brief

AncientLibya

PhoeniciansCarthaginians

EgyptiansRomansVandals

Byzantines

647 AD

IslamicPeriod

Arabs;Ottoman Empire

ModernLibya

Nov 21, 1949:UN Resolution

Dec 24, 1951:Independence

Sept 1, 1969:Libyan Arab Republic

19471912

ColonialRule

Italians

Historical Timeline


The Oil & Gas Industry: Historical Brief

• In 1973 Libya nationalized its oil industry

• In 1981 the US began a trade embargo with Libya and by 1986 all US companies were forced to leave

• In 1992 the United Nations imposed sanctions on Libya in response to the 1988 bombing of a Pan American flight over Scotland

• Additional sanctions applied by the US Sanctions Act of 1996 were relaxed in 1999 and the standstill agreements due to end in 1989 and then 2001 went under negotiation in 2002 to allow re-entry

Phase 2: 1973 to 2002

• Libya first minerals laws were passed in 1953 and 1955

• Under these laws multiple concessions were granted to Esso, Mobil, Texas Gulf and others, resulting in major oil discoveries by 1959

• By 1969 production from the Sirte Basin exceeded production from Saudi Arabia (3 million barrels of oil per day)

Phase 1: 1950’s to 1972


The Oil & Gas Industry: Historical Brief

• In 2003 the UN lifted its sanctions, followed by the US in 2004

• US companies commenced re-entry into Libya and companies who kept a presence during the sanctions stepped up activity

• In 2005 Occidental reached a deal with NOC to resume operations,followed by the Oasis Group who also reached a deal in late 2005

• Since the sanctions there have been 4 bid rounds, the first held in 2005

• A number of bilateral deals have been signed outside of the bid rounds, and in 2007 NOC re-negotiated contracts with existing companies to bring them in line with the EPSA IV model

• NOC currently plans to increase oil production to 2 million bpd by 2008, and to 3 million bpd by 2010-2013 by attracting investment of around USD 30 billion

• It is also a priority for NOC to expand natural gas production for domestic power generation and to increase exports, with a target of 7 BCM by 2013

Phase 3: 2003 to date


EPSA

HESSSTATOIL

TATNEFTTOTAL E&P

WINTERSHALLPETROBRAS

EXXONMOBILVERENEX

TPAOONGC

WOODSIDEENI

OIL INDIAPERTAMINA

INPEXMABRUK OIL

CHEVRONOXY LIBYA

SONATRACHRWE

TEIKOKUGAZPROM

SHELLPETROCANADA

NIPPONCHINESE PETROLEUM

JAPEXBRITISH GAS

AKAKUS OIL

WAHA OIL COMPANY

HAROUGE OIL

ZUEITINA OIL COMPANY

ENI GAS COMPANY

ENI OIL COMPANY

JOINT VENTURES

Industry Structure

NOC SUBSIDIARIES

NATIONAL OIL FIELDS AND TERMINAL CATERING COMPANY

NORTH AFRICA GEOPHYSICAL EXPLORATION

BREGA PETROLEUM MARKETING COMPANY

NATIONAL OIL WELLS DRILLING AND WORKOVER COMPANY

JOWEF OIL TECHNOLOGY

SIRTE OIL COMPANY

ARABIAN GULF OIL COMPANY

RAS-LANOF OIL AND GAS PROCESSING COMPANY

ZAWIA OIL REFINING COMPANY

NATIONAL OIL COMPANY

SPECIFIC TRAINING CENTRE (ZAWIA)

PETROLEUM TRAINING AND QUALIFYING INSTITUTE

LIBYAN PETROLEUM INSTITUTE

CENTRES AND INSTITUTES


Post-sanction licensing rounds: EPSA bid round 1

• Awarded in January 2005

• 15 areas on offer

• 163 companies registered and 63 were approved to bid

• 9 onshore and 6 offshore permits awarded

• US companies awarded 11 out of 15 permits, 9 to OXY alone

• European companies were not awarded any blocks in this round

• Winning bids had low production share and large signature bonuses



• Awarded in October 2005


• 48 companies submitted bids

• Almost all blocks were awarded to European or Asian companies

• Wider array of new entrants, incl. Statoil, BG, Nippon, Japex

• Eni and Mitsubishi gained 3 areas each

• Winners may have bid more aggressively after the results of round 1



• Awarded in December 2006

• 14 areas on offer, onshore and offshore across all main basins

• 47 companies qualified to bid

• 10 contracts were awarded

• Winning companies included GazProm, CNPC ,Tatneft, Petro-Canada, Wintershall, ExxonMobil and ONGC Videsh


Post-sanction licensing rounds: EPSA IV bid round

• Awarded in December 2007

• Focused entirely on gas


• 54 foreign companies pre-qualified to bid, 34 as operators

• Bid opening saw 13 bidders

• 5 of the 6 companies that were awarded licences (Shell, Sonatrach, Gazprom, Occidental and RWE) were already engaged in Libya

• 50% award rate in contrast to the past 3 rounds which had a success rate of 87%


NOC

OXY

REPS

OL-

YPF

BP RWE

OM

V

EXXO

NMO

BIL

WO

ODS

IDE

ENI

STAT

OIL

HYDR

O

0

50

100

150

200

thou

sand

sqk

m

Top 10 Operators by Net Acreage(Source: PetroView®)

Today’s map

NATIONAL OIL CORP 96 WINTERSHALL (BASF) 5

PETROCANADA 17 TATNEFT 4

OCCIDENTAL PET CORP

15 NIMIR PETROLEUM CO 4

ENI SPA 14 INPEX HOLDINGS INC 3

WOODSIDE PET LTD 10 STATOILHYDRO ASA 3

ROYAL DUTCH SHELL 8 EXXON MOBIL CORP 3

REPSOL-YPF SA 7 BP PLC 3

RWE AG 7 BG GROUP PLC 2

TOTAL SA 5 PERTAMINA 2

TURKIYE PETROLLERI 2 CHINA NAT PET CORP 1

JAPEX AC LTD 2 VERENEX ENERGY INC 1

GAZPROM 2 CHEVRON CORPORATION

1

ONGC 2 PETROBRAS 1

SONATRACH 2 HESS CORPORATION 1

OIL INDIA LTD 2 BOCO 1

NIPPON OIL CORP 1 OMV AG 1

PGNIG SA 1 ALGERIAN-LIBYAN E&P 1

CHINESE PETROLEUM CO

1 JOINT OPERATING CO 1

COMPANIES AND NUMBER OF BLOCKS


0

10

20

30

40

50

60

70

80

2003 2004 2005 2006 2007

Drilling Activity: E&A Wells(Source: PetroView®)

Oil Production (tbd)(Source: BP Statistical Review, 2008)

Gas Production (billion m3)(Source: BP Statistical Review, 2008)

Trends

Seismic Activity

0200400600800

100012001400160018002000

2003 2004 2005 2006 20070

2

4

6

8

10

12

14

16

2003 2004 2005 2006 2007


Libya on the New Ventures Agenda(Source: Fugro Robertson’s International New Ventures Survey)

• Libya took the top spot in the 2006 Fugro Robertson’s International New Ventures Survey and came in 5th in 2007

RANK 2006 2007LIBYA UK

EGYPTALGERIAAUSTRALIALIBYAINDONESIACOLOMBIA, TUNISIAGABON, MAURITANIANIGERIA, NORWAYBRAZIL

EGYPTALGERIAUKAUSTRALIANORWAYANGOLAMAURITIUSTUNISIAMOROCCO

1.2.3.4.5.6.7.8.9.

10.


Midstream and Downstream Sectors

PIPELINESGood network in need of modernisation

Western Libyan Gas Project (WLGP):

Integrated oil and gas development, 50/50 NOC and ENI joint venture, flowing natural gas from Wafa and Bahr es Salam into the domestic market and the Greenstream pipelineGreenstream subsea pipeline:

520 km, 32 inches diameter, annual capacity of 8 BCM of natural gas. $6.6B investment by ENI and NOC. Opened in 2004, main gas export to Europe



PROPOSED PIPELINES

Melitah to Gabes (TN), currently reviewing engineering tenders

AGOC (NOC and EGPC joint venture) plan to construct two pipelines to transport Egyptian gas to Libya for power generation and export, and Libyan oil to Alexandria for refining and consumption



REFINERY CAPACITY (bbl/d)Ras Lanuf (1984) 220,000Az Zawiya (1974) 120,000Tobruk (1986) 20,000Marsa El Brega(1970)

10,000

Sarir (1986) 10,000LNG PLANT PRODUCTION

(tpa)Marsa El Brega(1971)

700,000 (20% of capacity)

DISTRIBUTIONTamoil, Libya’s overseas retail company, distributes refined products in Italy, Germany, Switzerland and Egypt


Major companies show that they are willing to commit for the long term by negotiating 25-30 years contract extensions with large

commitments and signature bonuses

Conclusions

Some of the challenges…• Exploration is 20 years behind

the rest of the world• Tough fiscal terms• Bureaucratic difficulties• Importing equipment can be

problematic• Shortage of skills, partly due to

high local content required

… and some of the advantages:• Largest proven oil reserves and 5th

largest gas reserves in Africa • Highly under-explored, particularly

offshore • High oil quality and low cost of oil

recovery ($1 per barrel in some fields)

• Open to investment• Relatively good security • Close proximity to Europe

Member ofDeloitte Touche Tohmatsu

DELOITTE

DELOITTE

Kashadah & Co. was established in 1974 to provide a wide range of professional services such as:

Audit &AssuranceCompilation of Financial StatementsTax Planning and CompliancePayroll & Accounting Services Outsourcing Business Consulting Due DiligenceCompany Registration

DELOITTE

BUSINESS IN LIBYA

DELOITTE

The National Oil Corporation (NOC) is the official authority supervising & controlling all Oil & Gas and related activities in Libya.

Petroleum Law No. 25 of 1955, as amended, its regulations, Exploration and Production Sharing Agreement ( EPSA) regulate the oil and gas activities between oil companies and the state (NOC).

KASHADAH & CO 31 DELOITTE.

DELOITTE

BUSINESS IN LIBYA

DELOITTE

DELOITTE

Joint stock companies formed as per the foregoing shall be entitled to the following incentives:

•The right to use land, construction of industries, and necessary workshops required.

•Fetch expatriate manpower to serve projects, where Libyan elements can not fill.

•Obtain financial facilities and credit from local banks.

DELOITTE

DELOITTE

EXEMPTING FROM JSC

SITUATION VIS‐AVIS EXISTING EXPATRIATE COMPNAY BRANCHES

DELOITTE

BUSINESS IN LIBYA

DELOITTE

DELOITTE

BUSINESS IN LIBYA

DELOITTE

DELOITTE

BUSINESS IN LIBYA

DELOITTE

DELOITTE

BUSINESS IN LIBYA

Libya

LibyaE&P Review

Libya

Introduction to LibyaGeologyReserves & ProductionBackground to Oil & Gas Projects

Agenda

Libya

Introduction to Libya

Area = 1.8 million Km²90% desert, 1% arable land

Population = 6.1 million33% below 14

83% literacy rate

Proved oil reserves = 41 Billion Bbls

Proved gas reserves = 53 TCF

Oil production = 1.85 Million Bopd

Gas production = 1.5 Billion cf/d

GDB per capita = $8,433

Refinery capacity = 380 Mbopd

Libya

Key Features of Libyan “Oil & gas scene”

Significant proven oil & gas reserves

Highly ranked as a global exploration play

Lifting of sanctions

Increased activity

Better supply of services & technology

Increasing entry costs

High export volumes & proximity to EU markets

Gas projects

Increasing OPEC Quotas

Libya

The Sedimentary Basins of Libya

Murzuq

CyrenaicaGhadames

KufraNiger

Tunisia

AlgeriaEgypt

SudanChad

L I B Y ASirte

500 km

/ Hamra

Pelagian Shelf

Murzuk

Sirte / Gulf of Sidra Basin

Libya

NOC’s Published Exploration Blocks

Libya

New Licenses

1st Bid 2004

2nd Bid 2005

3rd Bid 2006

Existing Contracts

4th Bid Round, 200734 Companies qualified as Operator.

20 Companies qualified as Investor.

Blocks Offered in Bid Round 4

ContractArea Blocks On/Offshore

89 1&3 Onshore

103 1,2,3 & 4 Onshore

64 1,2 & 3 Onshore

95/96 2/ 1,2 & 4 Onshore

113 1 & 2 Onshore

114 1 & 3 Onshore

58 1, 2, 3 & 4 Onshore

3 1, 2, 3 & 4 Offshore

15/16 2 & 4/ 1, 2 & 3 Offshore

22 1,2,3 & 4 Offshore

23 1,2,3 & 4 Offshore

71 2, 3 & 4 Transition Zone

Libya

Geology Of Libya

BasinOn/

offshorePrimary Source Rock Primary Reservoir Rock Exploration Status

PelagianShelf Offshore Thick Late Cretaceous marine

shales

Early Cretaceous Nubian Sandstone, as well as Late

Cretaceous clastics and carbonates

Relatively little offshore exploration to date

Most explored basin, highest production and most

discoveries to date. Future exploration expected to focus on deep central prospects or

extreme limits of basin

Discoveries in Libya have yet to rival the successes seen in Algerian parts of this basin

High success rate achieved by Repsol in recent years

Kufra

Silurian Tannezuft shale

Exclusively clastic – Mid Ordovician Hawaz, Upr

Ordovician Memouniat, Silurian Acacus and Mid Devonian Ouan

Kasa sandstones

Least explored, no productive reservoirs discovered so far

Onshore

Significant exploration in 50’s-70’s, no discoveries made

SirteOnshore

(extending offshore)

Cretaceous Sirte, Upper Cenomanian-Lower TuronianBahoul, and Lower Eocene

Bou Dabbous shales

Late Cretaceous carbonates (Douleb limestone and Abiodchalk), and Eocene El Gueria

limestone

Ghadames (aka

Hamra)

Murzuk

Cyrenaica No discoveries to date

Libya

Oil Production Forecast

0.0

0.5

1.0

1.5

2.0

2.5

3.0

1996 1998 2000 2002 2004 2006 2008 2010 2012

MMbopd

Oil & Gas Production

History ForecastHistory Forecast

Gas Production & Forecast

0

500

1000

1500

2000

2500

3000

3500

4000

4500

1996 1998 2000 2002 2004 2006 2008 2010 2012

MMcfd

? ?

Libya

Oil & Gas Reserves

Oil R/P of 60+ years, highest in Africa (Nigeria 42 & Egypt 16)

Libya Oil Reserves (1986-2006)

0

5

10

15

20

25

30

35

40

45

1986 1987 1996 1997 2005 2006

MMBblLibya Gas Reserves (1986-2006)

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1986 1987 1996 1997 2005 2006

Tcm

Libya

Top 5 African Reserve Holders, 2007

Conservative estimates of 8-10 Billion Bbls of oil and 20-25 TCF of gas (undiscovered resources)

LibyaLibya

Top 5 African Proven Oil Reserve Holders, 2007 Top 5 African Natural Gas Proven Reserve Holders, 2007MMBbl

20

40TCF

Libya

Some of the International players

OccidentalNippon OilShellSonatrachChevronInpexExxonMobilWintershallOil IndiaTurkish Petroleum (TPOC)bpOMVWoodsideRWE DeaLiwa Energy (Mubadala)

• BG

• CNPC

• PetroCanada

• Gazprom

• Total

• ENI

• ONGC

• Petrobras

• StatoilHydro

• Marathon

• Repsol

• Japex

• TATNEFT

Libya

Joint Ventures & Local Companies

Waha Oil Company (Oasis = COP, Marathon & Hess)Samah, Waha, Dahra & Gialo Oilfeilds

Zueitina (Occidental & OMV)VEBA Oil Operations (PetroCanada)Repsol Oil OperationsENI Gas & ENI OilSirte Oil Company (Ex-Esso)Arabian Gulf Oil Company (Ex-bp)Tamoil: International refining & marketing ambitions

Libya

Upstream service industry

Main players active:SchlumbergerHalliburtonBaker HughesWeatherford

Technology transfer restrictions have been removedChinese players:

GWDCCNLC

Libya

Western Libya Gas Project

Sicily

Gas supplied from Bahr Esallamoffshore (~600 MMscfd) & Wafaonshore (~400 MMscfd)

Greenstream pipeline (520 Km, 32”) to export ~800 MMscfd. 200 MMscfd for local supplies

Major project to monetise Libyan gas reserves

SupplyExport

~600 MMscfd

~400 MMscfd

200 MMscfd

~800 MMscfd

Libya

Libya LNG

2nd country in the world (after Algeria) to become an exporter of LNG. In 1971, in cooperation with ExxonMobil, completed a liquefaction plant at Marsa el-Brega (original capacity 3.2 MMTp.a.)

0.4-0.7 MMTp.a. of LNG, operated by Sirte Oil & Gas Co.

Potential increase to 3.2 MMTp.a. in a project with Shell

Potential for further LNG projects, but requires more gas production

~ 600 MMscfd for a new 4 MMTp.a LNG plant

Libya

Libya LNG amongst North African players

Damietta – LNG

ELNG

Marsa Al Brega

Arzew

Skikda

Existing LNG Plants

Proposed LNG plants

Damietta 2

Sirte Basin/ Murzuk?

GassiTouil

Libya

Potential Projects

Further EPSA exploration blocksPotential for EOR projects

Many of the oilfields are 30-40 years oldGas-based Petrochemical projectsFurther gas export via pipeline & LNGRefinery expansions or greenfielddevelopments

Libya

October 2007

AMECEnvironmental Approvals in Libya

June 2008

Libya

AMEC at a glance

We have annual revenues of over £2.3 billionWe employ 22,000 employees in over 30 countriesOur shares are traded on the London Stock Exchange where we are listed in the Oil Equipment and Services sector We are a member of the FTSE* 100

*Financial Times Stock Exchange listing

Libya

Where we are

Main office locations

Our 22,000 employees operate from more than 30 countries

Libya

The regulatory organisations (and influencers)

Oil Company

Department of Antiquities

National Oil Company

Environment General Authority

EPSA

Shareholders “Other”

Libya

Environment General Authority (EGA)

The EGA is the designated authority for environmental protection in LibyaThe EGA is part of the Ministry for Health. Specific responsibilities of the EGA include:

– Proposing and supervising applications, follow-up and implementation of plans and

– programmes relating to the environment;– Supervising environmental health;– Cooperating with international bodies to eliminate sources

of pollution;– Issuing necessary licenses for activities which may cause

pollution;– Monitoring international agreements and conventions

concerning the environment;– Advising on the environmental impact of projects prior to

their commencement; and– Carrying out environmental inspections.

environment.org.lyMahmoud El Fulah

Libya

Department of Antiquities

Responsible for archaeological heritage issues and the register of sites under the World Heritage Convention 1972. The Department of Antiquities sits within the General Peoples Congress All development projects that cause disturbance of the ground in areas of archaeological importance must obtain a permit from the Department of Antiquities before work can commence.Department of Antiquities is responsible for all museums and archaeological sites in the country Annex to Antiquities Law (Article 6): Permission for any construction or development project (for housing, industrial or agricultural projects) which involves disturbance of the ground in archaeological areas may not be given until an archaeological investigation (e.g. survey) has been carried out by or for the appropriate authority (i.e. The Department of Antiquities) on all the affected areas.Giuma Anag

Libya

National Oil Company (Environmental Protection Department)

The NOC is the principal authority for dealing with upstream oil and gas environmental issues in Libya. It acts as the main interface with sectoral agencies and ministries and handles the processing of most approvals or permits. The NOC is formally responsible for Libyan energy policy. Following its reorganisation in 1979, it is now a holding company and carries out its activities through a number of subsidiaries and affiliates. The NOC’s Environmental Protection Department has published guidance on EIA in regards to both onshore and offshore seismic operationsen.noclibya.com.lyMahmoud Kamoor

Libya

Guidelines and Laws

NOC Environmental Impact Assessment Guidelines for Seismic operationsEnvironmental Considerations for Drilling Muds and Cuttings National Oil Corporation Environmental Protection Department, 26 March 2006NOC General Engineering Specifications (GES) over 300 General Engineering Specifications (GES), most of which deal with safety and engineering issues, however, some deal specifically with Environmental concerns (eg water and waste)Numerous laws that impact on oil & gas operations

Libya

EPSA

The EPSAs address existing contamination from historical oil andgas operations – which are extensive

Libya

Shareholders and Company Guidelines

What level of performance and the role of the regulators:– International Best Practice?– Regional Best Practice?– National Best Practice?– Local Best Practice?

Libya

Contact information

Dr. Jim WrightProject DirectorUK +44 207 539 5849Mb +44 771 119 3895 [email protected]

Case Study.26 June 2008Caron Howard & Markus Fischer

doing business in libya

Documents

oil industry

oil gas industry

barrels of oil

african oil reserves

crude oil

libyas proven oil reserves

equatorial libya

bbls of oil aapg