Libya is working on a new hydrocarbon law with better contractual terms and that will cover unconventional sources, said a top official of the national oil company, as part of the process to entice investors into the north African county following a civil war.
Libya
is
working on a new hydrocarbon law with better contractual terms and that will
cover unconventional sources, said a top official of the national oil company,
as part of the process to entice investors into the north African county
following a civil war.
"Our hydrocarbon law is being reviewed by experts to offer a new
law...that will be more attractive from a contractual point of view," said
Mustafa Sanalla, board member for production and planning of NOC, at a
conference in
Rome
.
"The new law will also cover unconventional resources [as previous one
didn't]," added Mr. Sanalla.
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