Ousting Russia: Libya Urges US to Help Replace Kremlin Oil with African Crude

Ousting Russia: Libya Urges US to Help Replace Kremlin Oil with African Crude

Libya is courting major US and European energy companies in a bid to replace sanctioned Russian oil on global markets, pitching itself as a viable alternative supplier as demand for crude remains strong, Financial Times reported on November 23. A Tripoli government  delegation visited Washington this week to promote Libya’s first oil exploration licensing round in 18 years, offering new production-sharing terms aimed at boosting output from 1.4 …