Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

LIBYA

Libya Ships First Crude Cargoes To US Since 1982

Libya has loaded its first crude oil cargoes to the US since companies there were banned from buying Libyan crude in 1982. Vitol is bringing two 1mn barrel Es Sider cargoes to the US; the first loaded late May to arrive in mid June and the second is fixed for the last week of June, MEES understands. The oil has been priced on a dated Brent basis. An official statement by US Assistant...