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Indian consortium makes gas and oil discovery in Libya’s Ghadames Basin

Oil India Limited (OIL) and Indian Oil Corporation (IOCL), as part of an Indian consortium with a combined 25% participating interest, made a gas and oil discovery in onshore exploration Block Area 95/96 in the Ghadames Basin, south-western Libya. The block, covering approximately 6,630 sq km, is operated by SIPEX and carries a commitment of …

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