New Libyan Oil Company Stalls

“A host of energy firms have so far refused to do business with the U.N.-backed Libyan government until a peace treaty is signed, another blow to the institution’s bid to build a new National Oil Co. and tap into the country’s petroleum reserves. The government, based in Libya’s eastern city of Baida, gathered more than 30 energy firms and traders at an upmarket hotel in Malta on Wednesday. It was another bid to lure business…”

Source: New Libyan Oil Company Stalls – WSJ

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