Total, Repsol pull some staff from Libya on security concerns

Total (TOT) and Repsol (REPYY, REPYF) are the latest western oil companies to pull out some expatriate employees from Libya amid escalating violence there, posing the latest challenge to the Libyan oil industry's fragile recovery.

Strikes and armed occupation of oil terminals already have reduced the Libya's oil output to less than 20% of its normal level of ~1.5M bbl/day.

Among other oil majors with a Libyan presence are Statoil (STO), ConocoPhillips (COP), Marathon Oil (MRO), Hess (HES), Eni (E) and Occidental Petroleum (APC).

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Comments (4)
  • User 353732
    , contributor
    Comments (5166) | Send Message
    Having turned Libya into a failed state and made life miserable for millions of ordinary Libyans, maybe the US and EU will now side with the Islamic terrorists and thugs and against the military in this most recent manifestation of the Libyan civil war.....just as they are doing in Syria and tried but fortunately failed in Egypt.
    22 May 2014, 01:10 PM Reply Like
  • aeroguy48
    , contributor
    Comments (905) | Send Message
    Thanks to obama and his meddling.
    22 May 2014, 05:49 PM Reply Like
  • Metawampe
    , contributor
    Comments (18) | Send Message
    Lat I looked Occidental was not "APC."
    23 May 2014, 09:07 AM Reply Like
  • UnCoverUp
    , contributor
    Comments (81) | Send Message
    ConocoPhillips (COP) should do the honorable thing and abandon the contractual agreements that former Chairman James J. Mulva and the Bush-Cheney Regime brokered with the Gaddafi Regime before more US soldiers or diplomats loose their lives defending COP, not US, "interests" in Libya. As discussed in "ConocoPhillips Shareholder Proposal -- 2012" (published at the corporate lawyer-turned diplomat Christopher Stevens was most likely assassinated in 2012 because of his past role as middleman in COP's corruption-inspired contracts with the now hated Gaddafi Regime. Message to COP's board of directors from the mothers and fathers of US soldiers who you have "used" to protect your interest over the decades, from the 1993 Battle of Mogadishu, through the 2003 Iraq War, to the 2012 Benghazi attacks: "We're finished subsidizing your exploitation of other peoples natural resources with the lives of our sons and daughters."
    23 May 2014, 10:10 AM Reply Like
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