Libya gives US oil barons contracts - oh yes

[donsu]

http://news.ft.com/cms/s/1870e08e-732d-11d9-86a0-00000e2511c8.html


US groups win Libyan oil exploration permits


US oil companies made a triumphant return to Libya at the weekend when they beat European rivals to scoop the majority of new exploration licences in the first auction of permits since Washington-led sanctions were lifted last year.

Of the 15 new permits, worth a total of about $200m (£106m) according to Libyan national news agency reports, 11 went to US companies, led by Occidental Petroleum.

European companies, many of whom continued to operate in the north African country throughout the 18-year period of sanctions, came away empty handed.

But Libya denied that this reflected a deliberate bias to woo back US companies to the country which holds Africa's biggest reserves of oil. Hammouda el-Aswad, the Libyan governor to the Organisation of Petroleum Exporting Countries, said: "This was a very transparent process."
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naught to worry:

But European companies could get another chance next month when 40 permits are due to be offered in a second licensing round. Among those who missed out were Total of France, Repsol of Spain, Italy's Eni and OMV of Austria, all of whom operated in Libya during the period of sanctions. BP and Royal Dutch/Shell Group also missed out.


the oil barons have so much fun raking in the dough.
since the bushgang is having so much trouble stealing Iraqi oil, this Libya oil will let our military go marching where ever smirk directs them. unless and untill they start sabotaging Libyan oil.