Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

LIBYA

Libya-Oasis Group Talks On Return To Waha Oilfield Hit Impasse Over License Extension

Talks between the Libyan government and the Oasis Group, comprised of Amerada Hess, ConocoPhillips and Marathon Oil, have reached an impasse over the terms of the groups return to the Waha oilfield. According to Libyan Oil Minister Fathi bin Shatwan, the Oasis Group is requesting a 25-year extension of its original 50-year agreement, which...