LIBYA

Dow Chemical Signs Term Contract for Naphtha Supplies from Libya 

The Brega Petroleum Marketing Company (BPMC) has concluded its first term contract for the sale of petroleum products from the new Ras Lanuf refinery with the London affiliate of Dow Chemical, MEES learns. The one-year agreement covers the purchase by Dow of 400,000 tons/year of naphtha at Platt's High prices, FOB Mediterranean.

For logistical reasons the current Ras Lanuf refinery out- put of around 50,000...