Ken Hanly wrote on Tue, March 29, 2011 at 9:28:03 AM: Still looking for that 70 per cent source. But came across this that makes the situation a bit clearer. It is the entry on the National Oil Corporation of Libya.. It was created in the seventies when Gadaffi was partially nationalizing foreign oil. Note that the foreign oil interests consist only of production sharing agreements (PSA's), Oil companies would much prefer ownership of resources and a royalty system I should think as happens in many countries.
http://en.wikipedia.org/wiki/National_Oil_Corporation ============================ Hmmn, makes you wonder why the US and its junior NATO partners haven't yet invaded Saudi Arabia after all these years. The Saudis 100% nationalized the Arabian American Oil Company in 1980. http://en.wikipedia.org/wiki/Saudi_Aramco _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
