ADVERTISEMENT

Libya asks partners to reduce oil field stake

Deals

Libya has asked its consortium partners to cut stakes in one of its oilfields, as part of an effort to secure its own energy reserves amid high resource prices, South Korea’s energy ministry said on Monday.

A Libyan state-run oil company has requested, that Italy’s Eni, which has operation rights over the field in the Sahara, cut its stake to 14% from the current 23.33%. A South Korean consortium, in which SK Energy and Korea National Oil Corp participate, would have to cut its stake to 7%, from the current 11.67%, the ministry said. The oil field produces 138,000 barrels of crude per day. (Reuters)

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.