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Marathon Oil Corporation Message Board

  • johnmarch13 johnmarch13 Oct 3, 2013 8:24 AM Flag

    Libya's NOC interested in Marathon Oil stake • 8:12 AM

    Libya's NOC interested in Marathon Oil stake • 8:12 AM

    Libya's National Oil Corp. is interested in buying Marathon Oil's (MRO) stake in Waha Oil, one of the country's most important joint ventures, the oil minister says, amplifying remarks reported yesterday.
    Waha has capacity of 350K bbl/day and produces Libya's main light sweet crude grade; Hess (HES) and ConocoPhillips (COP), along with the NOC, are MRO's other partners in Waha.
    In Q1, production from Libya accounted for ~7% of MRO's total output.

    Sentiment: Buy

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