Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

LIBYA

Oasis Group Firms Reach Agreement On Return To Waha Concessions

The three US oil companies comprising the Oasis Group (AmeradaHess, ConocoPhillips and Marathon Oil) announced on 29 December 2005 that they had reached agreements with the Libyan National Oil Corporation (NOC) under which they would return to their former oil and gas production operations in Libya. Many months of negotiations appeared to have reached an impasse...