Middle East Economic Survey


No 22



Libyas Shatwan Sees Delays To Return Of US Oil Firms

Libyan Oil Minister Fathi bin Shatwan has warned that the return of US oil companies (Oasis Group and Occidental) to their concessions after the lifting of key US unilateral sanctions in April could be delayed by their efforts to negotiate new terms. We want them to come back under the old contracts that were operating when we initiated the standstill agreement but they want new...