![]() Al-Arabiya |
Libyan Government Eyes Olive Oil, not Crude Oil, for Recovery
Journal of Turkish Weekly Libya is turning to olive oil – the green gold of the Mediterranean – to compete with its North Africa neighbors, conquer European markets and diversify its hydrocarbon-dependent economy. “Libya has decided to promote the quality of its olive … Libya Tries to Exploit Olive Oil Sources |

Iran’s crude oil sales dived to just 800,000 barrels per day (bpd) in July, due to Western sanctions, but are likely to have bounced back last month, a senior Iranian legislator was quoted as saying on Sunday. Iranian officials usually play down the impact of U.S. and European restrictions on their oil industry, with Iran’s oil minister saying on Saturday production would hold ste
Algeria’s largest oil and gas firm, Sonatrach is planning to import 2 million tons of diesel oil in exchange for crude oil, in a move aimed at enabling the country to meet up its soaring local demand in fuel, Sonatrach CEO Abdelhamid Zerguine said. “The surge in domestic consumption will require the company to import two million tons of diesel – up by 700,000 tons from 2011 – and
Japan is one of the major buyers of Iranian crude oil, and says it is going to provide insurance coverage for Iranian tankers, while China is offering to use its own vessels for delivery in bid to circumvent EU crude sanctions.