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Buy gives Heritage Libya foothold

London-listed Heritage Oil has bought 51% of Benghazi-based Sahara Oil Services Holdings (SOS) for $19.5 million, making a move it hopes will give it a leading role in developing Libya's oil and gas industry.

Making tracks: The acquisition will give Heritage a stake in Libyan projects at a crucial time for the country.
Making tracks: The acquisition will give Heritage a stake in Libyan projects at a crucial time for the country.
  • Andrew Hobbs and News Wires
Published 4 October 2011, 08:33Updated 10 July 2012, 10:00
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