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Algeria’s Sonatrach and Libya’s National Oil Corporation sign two amendments.
The amendments pertaining to extending the exploration periods in two blocks located in the Ghadames Basin in Libya, the two companies said in statements
The extension amendments, annexed to the exploration and production sharing agreement (EPSA) in Libya, offset the pause period that occurred due to force majeure.
The extension agreement is expected to enable Sonatrach to resume its remaining contractual commitments as soon as possible, NOC said.
Algeria warns of escalating military tension in Libya, calls for restraint and dialogue
