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Title: Libya offer oil block contract deals to China, India
Source: Business Recorder
URL Source: http://www.brecorder.com/markets/en ... tract-deals-to-china-india.htm
Published: Mar 20, 2011
Author: Business Recorder
Post Date: 2011-03-20 03:38:25 by HAPPY2BME-4UM
Keywords: None
Views: 128
Comments: 1

Libya offer oil block contract deals to China, India

TRIPOLI: Libya is considering offering direct oil block contracts to China, India and other nations it considers friends in its month long conflict with rebels, Libya's top oil official said on Saturday.

National Oil Corporation Chairman Shukri Ghanem said Libya's crude production had fallen to less than 400,000 barrels per day from about 1.6 million before the crisis and warned that oil exports might halt altogether if output is not restored.

"Because of the situation, we will be looking at giving direct block contracts to countries ready to come and work in the country because we want to increase production," he said.

He mentioned India, China and Brazil as examples of potential partners.

He also urged Western oil companies to return their staff to Libya to help restore production, adding that all existing contracts would be honoured.

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#1. To: HAPPY2BME-4UM (#0)

Besides US, I've never seen a country sending out so many mixed messages.

Come'on, get your shift together.

Somewhere in Kenya, a village is missing its idiot.

Lod  posted on  2011-03-20   17:22:09 ET  Reply   Trace   Private Reply  


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