US oil and gas giant Chevron Corp. is among international oil companies that Libya, holder of Africa's largest oil reserves, invited to bid for rights to explore for oil and gas in 14 offshore and onshore sites.
The total area of the plots is 99,437 square kilometers (38,409 square miles), state-owned Tripoli-based National Oil Corp. said on its Web site Monday.
National Oil invited foreign companies to submit their offers on Dec. 20 in Tripoli. The Libyan authorities will open the bids in a public ceremony on the same day to announce the winners, it said.
It's Libya's third drilling-rights auction since 2004 when the United States lifted economic sanctions imposed on the North African state in the 1980s because of alleged sponsorship of terrorism.
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Libya Invited Chevron to Explore Oil
It's Libya's third drilling-rights auction since 2004
