US oil company returns to Libya
http://news.bbc.co.uk/1/hi/world/africa/4730199.stm
The US-based Occidental PetroleumCorporation says Libya has given it
permission to resume operations there for the first time in 19 years.
The company was forced to abandon production in Libya in the mid-1980s,
because of sanctions against Tripoli imposed by the US government.
Its facilities were taken over by the Libyan state oil company.
The US eased economic sanctions against Libya in 2004,
opening the door for oil companies to return.
Occidental is taking over operations from wells that have been producing
12,000-15,000 barrels of oil a day. The company was among a number of
US oil producers to win exploration rights in Libya earlier this year.
US President Ronald Reagan expanded sanctions against Libya in 1986,
barring US companies from doing business there and lifting special exemptions
for oil companies, in response to accusations that the Libyan government was
involved in promoting terrorism.
_____________________________________________________________
Libya inks $35m Berlin bomb deal
http://news.bbc.co.uk/1/hi/world/europe/3625756.stm
.
|
