Libya Holding Third Bidding Round

Libya's National Oil Company says that the Third Bidding Round by Public Announcement was launched today, December 20th, at the Al-Mahari Hotel, Tripoli. The related NOC Organizing & Supervising Committee received offers for investment in 10 areas, from 23 participating companies of 15 nations.

The Bidding process will be completed at 5 pm and the winners will be announced. Each company's representative will present his/her company's offer in the presence of the attendees and international and local news correspondents.

This procedure has been adopted by NOC to assure the transparency principles it advocates.