Petroleum Africa
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Wednesday, June 12, 2013
Libya’s oil minister Abdelbari al-Arussi said that Libya would be forming two new oil companies, according to a LANA report. The two new companies will operate in the southern portion of the country.
“One of the companies, which will refine, will be based in Ubari and will have a capacity of between 30,000 and 50,000 bpd,” Arussi said.
He added that “the second company, for exploration, drilling and exporting oil and gas, will be created in Sebha,” also in the south.
Both firms will be subsidiaries of NOC.
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