Sunday 22 April 2018

Libya examines Total-Marathon purchase, casting doubt on deal- sources | ZAWYA MENA Edition

Libya examines Total-Marathon purchase, casting doubt on deal- sources | ZAWYA MENA Edition:

"Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy Marathon Oil's stake in the country's Waha concessions, several sources familiar with the matter told Reuters. Officials were considering a range of options ranging from pushing for better terms - after some in the oil industry and the media said the price was too low - to a counter-offer from the state National Oil Corporation (NOC), the sources said. "The NOC wants to buy the Total part," one source from the leadership of Libya's internationally recognised government, the Presidency Council, said."



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