You are not logged in. Please Login or Register





News Headlines

Libya examines Total-Marathon purchase, casting doubt on deal - sources


Libya examines Total-Marathon purchase, casting doubt on deal - sourcesTUNIS/LONDON (Reuters) - Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy Marathon Oil's stake in the country's Waha concessions, several sources familiar with the matter told Reuters. Officials were considering a range of options ranging from pushing for better terms - after some in the oil industry and the media said the price was too low - to a counter-offer from the state National Oil Corporation (NOC), the sources said. "The NOC wants to buy the Total part," one source from the leadership of Libya's internationally recognised government, the Presidency Council, said.





Read Full Story >>>>