Business Services Industry
BRAZIL: PETROBRAS APPROVED FOR GAS PROJECTS IN LIBYA.
IPR Strategic Business Information Database, September, 2007
According to anba: Petrobras, the Brazilian state-owned oil company, has been pre-approved to participate in bids for natural gas exploration in Libya, an Arab country located in North Africa. The news was disclosed yesterday (18) by the Website Gulf News, based on information published by newspaper Financial Times.
According to the European newspaper, the Libyan government has recently approved a list of 50 foreign companies, including the world's leading multinationals in the sector, to explore natural gas in its territory. According to data supplied by the Libyan National Oil Company (NOC) and disclosed by the newspaper, Libya has proven natural gas reserves of 1.5 trillion cubic metres. Currently, the Arab country produces 76.5 million cubic metres of gas per...
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