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By News Wires
12 October 2011 16:36 GMT
The head of Opec has urged Libya to set up an effective Oil Ministry as soon as possible to properly oversee the fractious North African country’s core petroleum industry, according to a report.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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