Oxy Undertakes Partial Resumption of Libyan Crude Liftings

Although clarification of US Treasury rules regarding the implementation of the US boycott of Libya has now paved the way for a resumption of Siftings of Libyan crude by US equity holding companies, actual deliveries of Libyan equity crude to the US companies concerned are being held up owing to commercial disagreements over prices between Libya and the companies, MEES understands.

However, MEES learns that one of the...