http://feeds.bignewsnetwork.com/redir.php?jid=f4c59da51adc35e3&cat=c08dd24cec417021US oil companies return to Libya
US companies have been out of Libya for two decades
US oil companies have been awarded most of the contracts on offer at the first open licence auction in Libya.
Companies like Occidental and Chevron Texaco will return to Libya for the first time in more than 20 years.
European oil and gas companies were not awarded any of the license to explore 127,000 sq km (51,000 sq miles).
Libya - which has Africa's largest oil reserves - is seeking massive foreign investment now that sanctions against Tripoli have been lifted.
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Ghadaffi can award the oil contracts and Allawi can award the oil contracts and I guess the next spot is Venusuella or Nigeria!!!