National Oil Corporation

Mar 20 in غير مصنف.

In the end of January of 2018, National Oil Corporation (NOC) of Libya signed one crude oil sale and purchase agreement with a professional crude oil trading company from China, IMPERIALCOURT LIMITED. The quantity delivered in this contract is 24 million barrels in the duration of one Year with the possibility for renewal for another two years. This contract is a term contract on high – quality low- sulfur Libyan crude oil. Starting with this contract, NOC wishes to explore the crude oil market of China and Far East, thus diversifies the destinations of exporting

Additionally, it is NOCُs intention to establish tight cooperation with more professional companies from China and Southeastern Asia via IMPERIALCOURT LIMITED. With the cooperation on oil field development, production and infrastructure constructions, the petroleum industry will recover faster, through which a more stable oil exporting will be realized

Recently, the Board of Directors of NOC has approved this agreement and this agreement has come into the execution phase. NOC will facilitate this agreement and expects to see more Libyan crude oil flow into the market of Far East. A long- term cooperation relationship has also been established between NOC and IMPERIALCOURT LIMITED


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