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2 I LOCAL & NATIONAL NEWS Passion Islam I June 2012 t h e P a s s i o n By Shakir Ahmed source Press TV BP to exploit Libya’s oil So everyone were wondering how long would it take oil giant British Petroleum (BP) to return to Libya to resume oil and gas exploration work, well not long it seems. Following a meeting between Nuri Berruien, the head of Libya’s National Oil Corporation (NOC), and Michael Daly, BP’s executive president for exploration, in Tripoli on May 29, 2012, BP announced plans to resume pursuing Libya oil interests, halted when the North African country witnessed prodemocracy protests last year. “During the meeting, BP announced the lifting of the state of force majeure starting on May 15, 2012, and return to carry out exploratory activity at onshore and offshore areas belonging to it in Libya,” NOC said in a statement on its website. Earlier this month, British companies gathered in London for a one-day conference sponsored by finance firm PwC, to compete for billions of pounds worth of contracts in oil-rich Libya as it is pressing ahead with plans to restore its infrastructure torn apart by the very same government. Before the beginning of revolution in Libya in February 2011, the oil-rich country produced around 1.6million barrels per day. Libya was the seventeenth-largest oil producer in the world and the third largest in Africa. www.passionislam.com Write to: Editor, Passion Islam, PO Box 159, Batley, West Yorkshire, WF17 1AD or email: info@passionislam.com - www.passionislam.com This Magazine contains Ayaat of the Qur’an and Hadith of the Prophet (SAW), please ensure you handle it with respect & care - Sukran - Views expressed in the Passion column are of the contributers and not Necessarily of Passion Islam
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