March 15, 2011 / 10:50 PM / 8 years ago

Libya may review future Western oil contracts

TRIPOLI, March 15 (Reuters) - Libya’s government will honour existing contracts with Western oil companies but the crisis is likely to influence its future cooperation with them, a senior foreign ministry official said on Tuesday.

“Yesterday I met with Mr Shukri Ghanem, the president of the National Oil Commission, and he told me he is still in contact with the chairmen of Eni (ENI.MI) and some American companies,” Deputy Foreign Minister Khaled Kaim told Reuters in Tripoli.

“We hope that they will be convinced that the security is guaranteed for everyone and they will be back here to resume their work,” he said.

Asked if existing contracts could be reviewed, he said: “I don’t think so at this stage. ... Maybe for new ones, for new concessions, for new contracts. Maybe what happened in the last four weeks will be reflected in the future cooperation with other countries.” (Reporting by Maria Golovnina; Editing by Matthew Jones)

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