Libya's National Oil Corporation (NOC) aims to boost oil output to 1.72 million barrels per day (bpd) by the end of March next year, its chairman said on Wednesday, but warned of the risk that strikes could interrupt production.
Verenex Energy and Libya expect to finalise a deal by Friday to sell the company to a Libyan sovereign wealth fund, but a further delay is not ruled out, sources familiar with the matter said.
The Libyan Investment Autho
Libya and India's Essar are both bidders for Shell's UK refinery according to a report in the Sunday Times.
US oil refiner Valero and an investment vehicle controlled by the Saudi royal family are also expected to submit bids along