VOL. XLIV

No 36

3-September-2001

LIBYA

Libya, Zimbabwe Agree $360Mn Oil Supply Deal

Libya and Zimbabwe have signed anagreement under which Tripoli will finance Libyan oil exports to Zimbabwe worth$360mn over the coming year via a quarterly revolving credit facility in returnfor Libyan access to investments in Zimbabwe, the Financial Times reported on 27 August. According to the report, thedeal will supply 70% of Zimbabwe痴 oil demand, with the remainder imported fromKuwait and South Africa. Under...