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Libya’s state National Oil Corporation (NOC) announced yesterday that its Board of Directors had approved the decision to invite the Libyan private sector to invest in marginal fields.
The NOC said the decision came within the framework of its strategy to increase oil production and develop discovered and undeveloped marginal fields,
The Board of Directors called for a commitment to announcing a tender to request investment offers, in which the standards of transparency and equal opportunity are taken into account, and to refer the offers after comparison and technical evaluation for approval.
