US trader ready to lift eastern Libya crude
Issue 319
- 10 Mar 2016
| 1 minute read
The first shipment of crude contracted by the House of Representatives (HoR)-appointed management of National Oil Corporation in Al-Bayda will be loaded this month and transported to a major shipping port in Europe. “I am going to break this thing, Insha’Allah,” Edward Loyd, chief executive of California-based Loyd Capital Partners, told African Energy on 9 March. He said the HoR-aligned Central Bank of Libya had just issued a letter confirming the bank account to which payment for the crude should be made.
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