Libya, Shell Reach Gas Deal

LONDON, 4 May 2005 — Energy giant Royal Dutch Shell yesterday announced a long-term deal with Libya to explore for gas in the North African country. The deal follows an agreement between Shell and the Libyan government 13 months ago to establish a long-term strategic partnership following the former pariah state’s return from an international wilderness. “The National Oil Corporation of the Great Socialist Peoples Libyan Arab Jamahiriya (NOC) and Shell Exploration and Production Libya have reached a long-term agreement for a major gas exploration and development deal,” a statement issued by Shell said.