VOL. XLV

No 38

23-September-2002

LIBYA

Libya, Zimbabwe Renew Oil Supply Deal

Libya and Zimbabwe haverenewed for a year their $360mn agreement under which Tripoli willunderwrite Zimbabwean oil imports using a quarterly revolving credit facilityin return for Zimbabwean exports of beef, fruit and tobacco (MEES, 3 September 2001). Under the renewed deal, Libya willinvest in mining, tourism and agriculture in Zimbabwe. Theagreement came after a three-day visit to Tripoli byZimbabwean President Robert...