Libyan National Oil Corporation under pressure as Barter System ends – The North Africa Post

Libyan National Oil Corporation under pressure as Barter System ends – The North Africa Post

The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]