11JAN2019 - NEWS - Glencore loses its exclusive right to Libyan Crude Grades

Glencore has recently lost its exclusive right to market two of Libya’s crude grades and oil companies like Shell and BP have already had their first allocations of the grades to which the Switzerland-based commodity giant had held exclusive rights since 2015. Glencore held the rights to market Libyan grades Sarir and Messla until the end of last year. The commodity trader was one of the few companies venturing into exclusive crude oil marketing deals with Libya in the wake of the 2011 unrest.

Published by Editor - www.Livebunkers.com at 11-Jan-2019 06:32:40 [UTC] , contact editor at editor@livebunkers.com