US Oil Companies Back in Libya

World | January 30, 2005, Sunday // 00:00

US oil companies were awarded most of the contracts on offer at the first open licence auction in Libya. Companies like Occidental and Chevron Texaco will return to Libya for the first time in more than 20 years. European oil and gas companies were not awarded any of the license to explore 127,000 sq km. is seeking massive foreign investment now that sanctions against Tripoli have been lifted.

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