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Libya: Pressure on Total to placate NOC

Total’s exuberant and perhaps premature announcement of its purchase of Marathon Oil’s stake in the Waha concession offended sensibilities at National Oil Corporation (NOC) which likes to have the final say. African Energy understands that NOC has no fundamental objection to the French IOC and chairman Mustafa Sanalla is eager to get more international companies to return. However, while he has been talking to BP and Eni about restarting exploration, political opposition to Total’s swoop has intensified.

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African Energy Gulf States Newsletter