Tag Archives | LUKOIL

Russian Presence in Libya a New Challenge for the West

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 […]

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, […]