Tuesday, February 01, 2005
US oil companies return to Libya
As Aunt Deb said, surprise surprise. Look who's taking advantage of Libya "rejoining the civilized nations." No, it couldn't be US oil companies, could it? It could! And whadya know, it just turns out that Libya has Africa's largest oil reserves. Says the BBC:
Occidental acquired five licences bidding alone, and another in conjunction with the Australian company, Woodside Petroleum Ltd.So when should we expect Qaddafi's title to be upgraded from Libyan strongman (already upgraded from Libyan military dictator which in turn was upgraded from terrorist regime leader) to Libyan free-market advocate?
ChevronTexaco will explore the Marzouk basin south of Tripoli, with Amerada Hess being the other US company to win a licence.