PetroChina said to agree to 2018 deal to lift Libya oil - WORLD OIL / BLOOMBERG

March/1/2018

Salma El Wardany, Laura Hurst

CAIRO and LONDON (Bloomberg) -- PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring a recovery in the North African country’s production even as its political uncertainty persists.

The term contract is the Chinese oil producer’s first with Libya’s National Oil Corp. since 2013, according to a person familiar with the matter, who asked not to be identified because they aren’t authorized to speak to the media. BP and Shell also agreed in January to annual deals to buy crude from Libya.

NOC’s list of 2017 term buyers -- including Eni SpA, Total SA, OMV AG, Repsol SA, Rosneft PJSC, Lukoil PJSC and Glencore Plc -- will continue for 2018, and only Shell, BP and PetroChina will be added to the list, the person said.

Rosneft takes key step in push into Middle East - FINANCIAL TIMES

APRIL 3, 2017
Henry Foy in Moscow and David Sheppard in Lausanne; Add'l reporting by Anjli Raval

Russian oil group to expand trading after trumpeting agreements in Egypt and Libya

Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Middle East energy markets and its attempts to expand trading.

The world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.