Morocco And Libya Agree On Oil-for-Products Deal
The Moroccan Ministry of Trade announced on 24 November that an agreement betweenMorocco and Libya had been reached covering the exchange of $100mn worth of Moroccanproducts for Libyan crude oil. Negotiations on the agreement which will come into effectin 1998, took two years to complete. Moroccan agri-industry goods, textiles andpharmaceuticals will be swapped with Libya in return for crude. During...