Libya's state-owned National Oil Corporation announced plans on Thursday to buy up the assets of Canadian oil company Verenex in Libya, a bid that would block similar moves by China.
"We are going to exercise our pre-emptive right to buy Verenex" assets in the north African state, NOC chairman Shukri Ghanem told AFP by telephone from Vienna where he was attending an international energy conference.
Ghanem said however that Libya had not decided yet on the price for the assets, which include interests in fields in the Ghadamese basin southwest of Tripoli.
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