Libya says U.S. firm Marathon to stay, eyes Algeria gas deal


  • World
  • Sunday, 27 Oct 2013

TRIPOLI (Reuters) - U.S. firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday.

Two years of turmoil after the overthrow of leader Muammar Gaddafi, as well as tough contract terms, have prompted oil companies to reassess their role in the North African country, but the government has been keen to keep them.

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