December 10, 2019 / 3:57 PM / 6 months ago

Libya approves Total's purchase of Marathon Oil stake in Waha concessions

CAIRO, Dec 10 (Reuters) - Libya’s National Oil Corporation (NOC) said on Tuesday it had approved the purchase by France’s Total of Marathon Oil’s stake in the country’s Waha concessions.

The French company committed to invest $650 million to increase production by around 180,000 barrels per day (bpd), NOC said in a statement. (Reporting by Yousef Saba; Editing by Patrick Werr and David Evans)

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