A Luxembourg company joins the chase for gas and riches in Libya

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On December 3rd 2008, Total’s CEO Christophe de Margerie received a letter from a company called North Global Oil & Gas Company Ltd, domiciled in Vaduz, the capital of Liechtenstein, offering to help Total procure exploration and production rights to the gas field called ‘block NC-7’. The letter (see Scribd box immediately below) was signed by a certain Louis Oehri, managing director of the North Global company, which was bankrolled by Takieddine. North Global said it held an option on the "acreage" in question, but offered to "withdraw" in return for a 20% "participation interest" in any future exploration and production sharing agreement (EPSA) secured by Total.

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