24th Nov 2015 06:42
LONDON (Alliance News) - The government of Eastern Libya has said it will stop any tankers operating on behalf of Glencore PLC from loading oil at ports in the nation should the company do business with a rival political leadership in the west of the divided country, Bloomberg reported.
Nagi Elmagrabi, the head of the Libyan state-run National Oil Corp's eastern management team, said his part of the group has sent a letter to the FTSE 100-listed multi-commodities miner and trading house seeking to confirm whether it has struck any deals for oil sales with a competing arm of the National Oil Corp based in Tripoli in the west of the country. The eastern portion of the oil company is based in Benghazi.
Mohammed Elharari, a spokesman for the western administration of the National Oil Corp, confirmed to Bloomberg by phone that it had made a deal with Glencore to help market oil.
http://www.bloomberg.com/news/articles/2015-11-23/east-libya-ready-to-stop-tankers-if-rival-sells-using-glencore
By Sam Unsted; [email protected]; @SamUAtAlliance
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