29 May 2007 12:45 [Source: ICIS news]
LONDON (ICIS news)--Oil major BP is hopeful of returning to Libya soon, a company spokesman said on Tuesday as the British prime minister was due to visit the North African country.
A British government official said at a press briefing ahead of Tony Blair’s trip to the region that BP was due to announce its return to Libya.
“We are now beginning to develop an economic relationship with ?xml:namespace>
A BP spokesman would not confirm that the company had an agreement but said it had had a Memorandum of Understanding in place with the National Oil Company in
“We are in constructive conversations and are hopeful something will come out of it soon,” the spokesman said.
BP withdrew from
The company was in the spotlight earlier this month when its chief executive Lord Browne resigned after a judge ruled that he had lied to the High Court about how he met his former partner Jeff Chevalier.
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