Libya

Libya Turns Down Company Requests for Increased Equity Margins

MEES understands that Libya has turned down requests by oil companies operating in the country for a continuation of the special relief on equity margins granted to them for the month of August. In response to weak market conditions at the time, Libya agreed to increase the companies' equity margin by 80 cents a barrel from $2.00/B to $2.80/B for the month of August (MEES, 3 September), but this concession lapsed at...