Libya: U.S. Companies Weighing Opportunities
Libya’s Zawiya Oil refinery, located 25 miles west of Tripoli. (MARCO LONGARI/AFP/Getty Images)
February 3, 2012
| Security, Energy
| Middle East and North Africa
Although Libya offers numerous opportunities for investment by American companies, insecurity and a lack of government legitimacy have given most investors pause. Of the major U.S. oil companies, only ConocoPhillips (COP) and Marathon Oil (MRO) are now doing business in Libya.

The U.S.-Libya Chamber of Commerce recently announced that it was invited by the National Transitional Council, the provisional government, to lead a business delegation in late February to explore opportunities in Libyar for U.S. investors.  Meanwhile, ConocoPhillips earlier this week chartered a tanker to bring Libyan oil to the U.S. for the first time since last September.

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