|About Akakus Oil Operations|
|Written by Administrator|
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Akakus Oil Operations is one of the largest oil companies operating in Libya and has pioneered, explored and eventually developed two major blocks in the Murzuq Basin in the South Western area of the Libyan Desert adjacent to the famous Akakus Mountain strip and the old city of Ubari Company Locations.
The Libyan branch for Akakus Oil Operations (formerly Repsol Oil Operations) was established by virtue of resolution No: 228, passed by the Secretariat of the General Committee for Economics, Industry and Trade on the 11th of April 1995 which dictates entrusting it with the operations and management on behalf of the EPSA (Exploration Production Sharing Agreement) parties, being NOC as first party and the European companies union (REPSOL, OMV & TOTAL) as second party
|Last Updated on Sunday, 17 January 2010 10:44|