Libyan Petroleum Law: Its Impact on Oil and Gas Development In Libya: Economic and Policy Aspects
Article from: OGEL 2 (2004), in Roundup of Articles
Summary
Petroleum law and regulations are sensitive and essential documents in the global oil and gas business. They include economic, legal, financial and technical aspects of petroleum activities, defining the relationship between host governments and multi-national oil companies. Thus, the scope of any petroleum legal system should be comprehensive in order to cover all fundamental issues regarding upstream and downstream sectors and related matters, which can be administered by the state body responsible for petroleum activities. The Libyan Petroleum Law No 25 issued in April 1955, was ...