Libya to Deliver 40,000 b/d to Italy in Repayment of Commercial Debt
Libya has agreed to deliver 40,000 b/d of crude oil to Italy in the first eight months of 1985 in partial repayment of Libyan commercial debts to Italian firms, MEES learns. The oil will be lifted by ENI-Agip acting as agent for the Italian Government.
The oil delivered in the eight-month period 1 January-31 August 1985 will amount to around 10mn barrels valued at some $300mn. This is less than half the total...