By John Lee. A new article published by the London-based policy institute Chatham House (the Royal Institute of International Affairs) suggests that the real driving forces behind Russian involvement in Libya are a mixture of ambition, opportunism and anti-Western sentiment. Commercially, while the overall scale of Russia's losses in Libya is unknown, author Nikolay Kozhanov describes them […]
Tag Archives | LUKOIL
NOC warns Oil Market against Illegal Contracts
By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]
Libya Selects Gasoline Suppliers
Greek, Russian and Italian firms are to supply Libya with around 2.5 million tonnes of gasoline in 2013, reports Al Bawaba. The companies named include Greece's Motor Oil Hellas, Italian refiner Saras, and Litasco, the trading arm of Russia's Lukoil. Two trading sources said Swiss-based trading house Trafigura also had won part of the tender, […]
Libya's NOC Chooses Italian, Russian Gasoline Suppliers for 2012
Libya's National Oil Corporation, NOC, has said that Russia's LUKOIL and Italy's Saras were among a pool of four or five firms chosen to supply the country with up to three million tonnes of gasoline in 2012. With Libya's oil industry rapidly recovering from an eight-month conflict that halted its oil production for most of […]