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NOC withholds Total stake in Al Waha oil field

The National Oil Corporation (NOC) is withholding French company Total’s stake in Al-Waha oil concession. A source from NOC told Reuters, the company is withholding the company’s stake due to a dispute over the company’s purchase of American Marathon’s Oil stake in the concession two months ago. The source pointed …

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We informed NOC of plans to buy Marathon Oil, says Total

French oil giant Total reported that it had informed the Libyan authorities in advance of plans to acquire Marathon Oil’s stake in the Al Waha oilfield for $ 450 million. A spokesperson for the French company told Reuters on Wednesday, the company is currently in talks with the National Oil …

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