Friday, June 8, 2007

Libya Will Keep Using Tamoil's Plants for European Refining, Ghanem Says

(Bloomberg) -- Libya, Africa's second-largest oil
producer, will still refine some of its crude in the refineries of
Tamoil SA after selling a majority stake in the company to Colony
Capital LLC.

``Tamoil will remain an important tool to market Libyan oil,''
Shokri Ghanem, the chairman of Libya's state-owned National Oil
Corp., said on the company's Web site.


Read more at Bloomberg Energy News

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