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Libya Positioned to Buy Major Stake in BP

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Just as the news for British Petroleum was getting brighter, with stocks soaring 6 percent higher after the temporary cap fell into place and sealed the leak into the Gulf of Mexico, news sources reported on a possible deal between the oil giant and the Libyan government that could end up in Libya's owning a considerable stake in the oil company.

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Hey, good! by John Sanchez Jr. on Wednesday, Jul 21, 2010 at 7:50:36 AM