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Sunday, March 4, 2018
Chinese firm PetroChina broadened its crude supply chain with a deal in Libya. The Chinese firm agreed to enter into an annual contract to buy Libyan crude, its first with state-run NOC since 2013.
The deal with PetroChina follows two deals announced earlier this year signed by NOC with BP and Shell.
NOC’s list of 2017 term buyers which includeENI, Total, OMV, Repsol SA, Rosneft PJSC, Lukoil PJSC and Glencore Plc will continue for 2018, and only Shell, BP, and PetroChina will be added to the list, according to media reports out of the country.
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