LIBYA

Negotiations with US Companies Inconclusive 

MEES learns that the negotiations held in Hamburg, West Germany, last week between the Libyan oil authorities and the five US oil firms holding concessions in Libya concerning the legal status of the companies after 30 June have ended inconclusively. The companies (Occidental, Conoco, Marathon, Amerada Hess and W.R. Grace) informed the Libyans that they would cease operations, stop lifting crude oil and halt payments as of 30 June in...