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U.S. Oil Companies' Interests in Libya

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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 10:33 PM
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U.S. Oil Companies' Interests in Libya
Source: Reuters/Alternet

Feb 22 (Reuters) - A burgeoning revolt in Libya led to a call from U.S. Senator John Kerry, who is chairman of the Senate Foreign Relations Committee, for all oil companies to cease operations in the country immediately.

Many U.S. oil companies have interests in Libya. The following are details of their exposure, based on their latest annual reports:

ConocoPhillips,the third-largest U.S. oil company, holds a 16.3 percent interest in Libya's Waha concessions, which encompass nearly 13 million gross acres. Net oil production from Libya averaged 45,000 barrels per day in 2009 -- or 2 percent of worldwide output -- down from 47,000 bpd in 2008.

more(on Marathon, Hess and Occidental)at link: /


They never should have been let in.
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