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

File published on
20.08.2011

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.

>> Lire cet article en français

Pour voir cette page, vous avez besoin du greffon Adobe Flash Player v10 ou ultérieure.
To view this page ensure that Adobe Flash Player version 10 or greater is installed.

You can also download the PDF here: North_global_oil_margerie.pdf (102.4 kb)