Iran Election Guide

Donate to EAWV





Or, click to learn more

Search

Sunday
Jun122011

Libya Feature: How US Oil Companies Fell Out with Muammar Qaddafi (Mufson)

Stephen Mufson writes for The Washington Post:

It struck some visitors to the Houston office of ConocoPhillips chief executive Jim Mulva as peculiar that he displayed a photograph of himself and Libyan leader Moammar Gaddafi.

They were an odd couple: a veteran of corporate politics at a U.S. oil company and the colonel who had survived four decades of confrontation with the West while maintaining repressive rule over his North African nation.

But the relationship between Gaddafi and the U.S. oil industry as a whole was odd. In 2004, President George W. Bush unexpectedly lifted economic sanctions on Libya in return for its renunciation of nuclear weapons and terrorism. There was a burst of optimism among American oil executives eager to return to the Libyan oil fields they had been forced to abandon two decades earlier. Gaddafi, who had been sanctioned for Libya’s role in the downing of Pan Am Flight 103 over Lockerbie, Scotland, also looked forward to U.S. help in reviving his flagging oil production.

Yet even before armed conflict drove the U.S. companies out of Libya this year, their relations with Gaddafi had soured. The Libyan leader demanded tough contract terms. He sought big bonus payments up front. Moreover, upset that he was not getting more U.S. government respect and recognition for his earlier concessions, he pressured the oil companies to influence U.S. policies.

In late February 2008, Mulva was “summoned to Sirte for a half-hour ‘browbeating’ ” from Gaddafi, according to a U.S. State Department cable made available by WikiLeaks. Gaddafi “threatened to dramatically reduce Libya’s oil production and/or expel . . . U.S. oil and gas companies,” the cable said.

Now, this troubled marriage and the promise of billions of barrels of oil have been dashed by the fighting and Gaddafi’s refusal to relinquish power. Much is at stake; oil industry executives say companies such as ConocoPhillips and Marathon have each invested about $700 million over the past six years. But the U.S. oil companies have been pushed to the sidelines, waiting for the conflict to end.

In 2004, oil giants and Libya had hopes for a new relationship — and new discoveries.

Read full article....

PrintView Printer Friendly Version

EmailEmail Article to Friend

« US Politics Special: Will the Democrats Fight Back over Jobs? | Main | Iran Interview: "The Potential for a Big Flowering of the Labour Movement" (Pourzad) »

References (36)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    EA WorldView - Home - Libya Feature: How US Oil Companies Fell Out with Muammar Qaddafi (Mufson)
  • Response
    EA WorldView - Home - Libya Feature: How US Oil Companies Fell Out with Muammar Qaddafi (Mufson)
  • Response
    EA WorldView - Home - Libya Feature: How US Oil Companies Fell Out with Muammar Qaddafi (Mufson)
  • Response
    I wanted to start my own blog and I was looking for your suggestions for which sites you think are the best to start one with. . I want to be able to post pictures, text, and music (maybe).. I only want to use a free blog host..
  • Response
    Joomla Software vs Dreamweaver Software which one is the best?
  • Response
    see here for the best fusion ford available
  • Response
    How can I drive more traffic to my railroad blog?
  • Response
    Response: seo en barcelona
    click here for best en pdf anywhere
  • Response
    Response: seovolución
    Copyright? I want to gather stories/articles from the web and put them onto one page?
  • Response
    Response: seovolución
    I want to start selling hair bows. How do I get a website started and what are the costs?. How do I design it?.
  • Response
    So I accidentally deleted the joomla folder. But the database its still there untouched..Is it posible that I re-install joomla and connect it with the old database and have all my articles and files back as it was?.
  • Response
    Response: address
    where is the best site to do a blog,blog tips be grateful. thanks for help. sam i tried get your blog but seems no thread,check it out.
  • Response
    Response: a knockout post
    Is a URL for copyrighted web content also covered by the copyright?
  • Response
    Response: terry cloth robes
    I have a video post in blogger then how can I put a repost link to that? I have already go to addthis but don't know how to put the code in its proper place wherein the individual posts are being place with an embed this or repost this or share ...
  • Response
    Response: pizza hut coupons
    Is there a way to forward other people's blog posts to my site?
  • Response
    The top quality dog arthritis anywhere
  • Response
    Very good websites where I can start a blog for free?
  • Response
    How do delete wikipedia's featured article that contains copyright violation?
  • Response
    How do you create a blog or a blog webpage?
  • Response
    I was diagnosed with celiac over a year ago and have started inventing my own gluten-free recipes. I've gotten so many requests from people that I want to start a blog to start posting them. What free blog websites are out there and which ones are the easiest to access/most likely ...
  • Response
    go here for best dogs with arthritis around
  • Response
    I'm an aspiring writer-of all literary trades (journalism, screen writing, satire, etc)-but I want to start a blog for some adult oriented, romantic fantasy literature. Anyone know how I can start a blog that will allow me to do this? I believe I'll need a warning page before entrance, and I ...
  • Response
    Response: seo webdesign
    see here for best search engine ranking work available
  • Response
    im pretty good with Dreamweaver so i know how to design the site, but i dont know which site would get alot of attention... i want either a Hip Hop site with news, board and etc.. or A youtube like site... or a porn site.. my main interest is making money ...
  • Response
    go here for best arthritis in cats available
  • Response
    Response: annuities
    In Mozilla Firefox how do you customize the toolbars to different colors and styles?
  • Response
    The greatest tecnicas seo anywhere
  • Response
    Response: seo en barcelona
    click here for best posicionamiento web seo anywhere
  • Response
    Response: blog seo
    click here for greatest que es el seo available
  • Response
    Hi,. . I want to post directly to my wordpress blog from my desktop, specifically from Command prompt. . . I know there is a protocol called xml-rpc, but that is of no help to me, as I don't know what on earth it is. Any help would be appreciated..
  • Response
    Response: bahrain property
    How many articles does it take to start a good blog?
  • Response
    Is getting a Masters Degree in Creative Writing a waste of time?
  • Response
    Response: property week
    They are noteworthy for the possibly of the making of a book..
  • Response
    I am just starting out and want to get a blog started..
  • Response
    Response: Jeffrey W. Lynn
    How do I display new blog posts on my homepage?
  • Response
    EA WorldView - Home - Libya Feature: How US Oil Companies Fell Out with Muammar Qaddafi (Mufson)

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>