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Friday, March 12, 2010 2:58 GMT

Top News of Libya

Medco to Invest in Libya

Medco Energi International will invest as much as US$400 million in an oil facility in Libya, the president commissioner Hilmi Panigoro told reporters. Hilmi said the facility required a total investment of US$800 million, but Medco will team up with Libyan Investment Authority (LIA). “[The investment] will be shared 50:50 with Libya,” Hilmi said. He added the project was awaiting approval from the Libyan government. “We expect the construction can begin this March. The project can start...More


published:11/03/2010 09:29 GMT




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