Europeans, Asians Weigh In

October 2005 | Economic Analysis

As ever, Libya's hydrocarbon sector continues to dominate the country's economic activity. If interest in Libyan acreage, as expressed by international oil companies in the second EPSA exploration round, is anything to go by, Libya's oil-dominated economy will continue to feel the impact of increased investment. What is particularly encouraging for the authorities in Tripoli is that the latest round saw some aggressive plays from European and Asian oil companies, in contrast to the first bid round in January of this year, where US firms took virtually all the

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