LIBYA

Libya Delays Oil Payments to Turkish Contractors 

Libya has delivered only $30mn worth of crude oil out of $130mn it was supposed to pay Turkish contractors in 1985 for settlement of outstanding debts, according to Mr. Ozer Olcmen, Secretary General of the Union of Turkish Enterprises in Libya. An economic and financial accord was signed last September in which Libya undertook to deliver 3mn t/y of crude oil over 10 years in settlement of outstanding debts incurred to Turkish...