US EditionOusting Russia: Libya Urges US to Help Replace Kremlin Oil with African Crude
2 Articles
2 Articles
Ousting Russia: Libya Urges US to Help Replace Kremlin Oil with African Crude
Libya is courting major US and European energy companies in a bid to replace sanctioned Russian oil on global markets, pitching itself as a viable alternative supplier as demand for crude remains strong, Financial Times reported on November 23. A Tripoli government delegation visited Washington this week to promote Libya’s first oil exploration licensing round in 18 years, offering new production-sharing terms aimed at boosting output from 1.4 …
The Fighting Has Died Down, the Battle for Billions Begins. Oil Giants Return to the Shattered Libya
With a slightly more favorable constellation of stars, Libya could be like Saudi Arabia today. It has the largest oil reserves in Africa and the ninth largest in the world. In addition, its deposits produce light oil, which miners everywhere are looking for because it can be processed easily and cheaply. Companies are competing in Libya's tender to explore energy resources. But the North African country of almost eight million people has been re…
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