Middle East Economic Survey


No 5



US Oil Companies Upbeat On Prospects For Return To Libya In 2005

US oil companies Occidental Petroleum, Amerada Hess and Marathon Oil have both expressed expectations that talks with the Libyan authorities on re-entry to the country after 19 years will be concluded at some point this year. Occidental, which opened an office in Tripoli in early 2004 to support its talks to re-enter the country (MEES, 22 March 2004), said that...