New Gas Discovery in Sabratha Basin.
Pulbished on:
Tripoli, 3 March 2015(Lana) The National Oil Company on Monday
announced a new discovery of gas in the Sabratha sub-Sea basin.
In a statement, the company said the discovery was made in
collaboration with the Italian Eni Co., the first in its concession.
The National Oil Company had signed a contract with Eni which
provided for a partnership of 60% for the company and 40% for Eni for
first 10 years, and to be raised to 70% for the NOC after passage of
10 years.
=Lana=