Libya to Supply Oil to Malta

Prime Minister Ali Zeidan [Zidan] has said that Libya intends to provide Malta with oil and hydrocarbon products.

Speaking at a press conference with his Maltese counterpart, Joseph Muscat, he added that the details still had to be worked out before an agreement could be made.

Libya Herald says the implication is that Libya will provide Malta with guaranteed supplies at fixed prices, as it has done with Egypt and Tunisia. At present, Malta has no difficulty buying oil but has to do so at international market rates.

Malta is also known to be looking for assured gas supplies to fuel its power station as well as seeking a resolution on a disputed offshore area thought to contain hydrocarbon reserves but also claimed by Libya.

(Source: Libya Herald)

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