VOL. XXXV
NO. 45
10-AUGUST-1992
Libya
Turkey and Libya Initial Oil for Debt Deal
Turkish Eximbank officials and Libya's Umma Bank initialed an agreement lastweek concerning an oil for debt deal that would provide for the partialsettlement of a $600mn debt owed to Turkish contractors, according to theFinancial Times of 5 August. Previous Libyan payments, made through priceconcessions on oil deliveries, stopped in September 1991. This was due to thefact that Ankara, having to comply with an IMF...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!