Total says its purchase of Marathon’s 16.3% stake in Libya’s 300,000 b/d Waha concession was completed 31 March. NOC says approval has not yet been granted.

French major Total agreed on 2 March to pay $450mn for US firm Marathon’s 16.33% of Libya’s Waha JV (MEES, 9 March). The two firms closed at the end of the month. “It is done. Today the shares of Marathon in Libya are in Total,” CEO Patrick Pouyanné told his company’s 26 April earnings...