
| | Type | Price | Brent | 142.05 | Dubai | 136.92 | | Urals | 137.93 | WTI (mid) | 143.84 | OPEC basket | 136.94 | 02/07/2008 | |
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last news |
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An interesting article was published by the Financial Times on 30th June by Ed Crooks under the title "Some Leading Lights in the Power Business" which pointed out the six most influential characters within the energy business. Among the 6 is Dr. Shokri Ghanem, NOC's Chairman, whom NOC would like to extend its congratulations. The complete article is as follows : |
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Dr. Shokri Ghanem, in his capacity as the President of AOPEC (Arab Organization of Petroleum Exporting Countries), received in his office at NOC headquarters, on 29th June 2008, Mr. Abbas Ali Nagee, Secretary General of AOPEC, accompanied by Mr. Fathi Al-Abbar, Libya’s representative at AOPEC and Mr. Mohamed Hammoud, OAPEC’s Public Relations Manager. The meeting was also attended by Dr. A. Ballut, NOC’s Manager of the International Cooperation & Media Bureau. |
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Today 23rd June 2008 NOC signed five EPSA'S with Oxy Libya Oil & Gas and OMV. These EPSAs cover all blocks being operated by these companies and will take effect as of 1st December 2007. These Agreements which are based on the Heads of Agreement signed with the above mentioned companies on 24th November 2007, came also as a result of negotiations carried out by NOC to enhance the terms and conditions of old agreements. Under these new EPSAs the Companies will spend large investing amounts on exploration, development, environment protection, training of Libyans, carbon dioxide exploration and enhanced oil recovery projects. |
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