Libya ships oil to the US

Harold emailed us this:

William Lash, US Assistant Secretary for Commerce, said Libya resumed its former role as a supplier of oil to the US and started talks to buy Boeing passenger aircraft.
Libya’s economic trump card is its relatively undeveloped oil and gas industry, which sits on proven reserves of about 36 billion barrels. The country, a member of oil exporters’ cartel Opec, is currently negotiating deals with Western oil firms aimed at boosting production capacity from its current level of about 1.7 million barrels a day. News of Libya’s oil exports to the US comes as oil prices are at their highest level in years because of soaring demand, bottlenecks at US refineries, and fears that unrest in the Middle East could disrupt supplies.
Lybia’s leader Muammar Gaddafi said Sunday he regretted that Ronald Reagan — former U.S. President and old enemy of his — had died without ever being tried for 1986 […]

The entire post can be seen here.

June 7, 2004 | Filed Under Uncategorized

 

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