Oxy Is Aramco Of Libya (#1)
Aslamalykum br. Ibrahim
We Libyans must have accurate news about Oxy-Libya corp. becouse
1- Oxy-is Aramco of libya-(#1)
2- This company started in libya as water drilling in sixty and had no connection to oil dilling.
And with halp of Col. Omar shilhee , they get 103a field.
3- They have good relation & conntacts with system from a-z.
Occidental, OMV Cut Oil Deal With Libya
By Russell Gold and Guy Chazan
Word Count: 507 | Companies Featured in This Article: Occidental Petroleum, Eni, Exxon Mobil
Occidental Petroleum Corp. and OMV AG agreed to invest a combined $2.5 billion over five years to increase output from Libyan oilfields, the North African nation's latest deal with foreign oil companies in recent months.
In exchange for a 30-year renewal of exploration and production leases, OMV, based in Vienna, and Occidental agreed to lower their cut of oil output and pay a $1 billion fee to the state.
The $2.5 billion investment will be matched by Libyan National Oil Co. and will increase production to 300,000 barrels a day from 100,000 barrels a day. The Western companies, however, won't ......