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Home Business

Maltese authorities look to Libyan oil

byMichel Cousins
April 6, 2012
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Maltese authorities look to Libyan oil
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Tripoli, April 6:

It is reported in Tripoli that the Undersecretary at the Ministry of Oil and Gas, Umar Shakmak has been . . .[restrict]in discussions with the Maltese Minister of Finance and Economy, Tonio Fenech, over Malta’s hopes of obtaining assured supplies of Libyan oil and gas products on favourable terms.

According to the NTC website, Shakmak suggested during a joint meeting that a Maltese technical team be appointed to discuss the matter with specialists from the National Oil Corporation.

The two men are reported to have discussed other aspects of joint cooperation between Libya and Malta and ways of strengthening them.

In February, Libya said it would review a request by the Jordanians to assure their oil and petroleum product needs at preferential prices.

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Fenech is due to lead a Malta Enterprise delegation to Libya between April 16 and 19.  It will, however, concentrate on ports and maritime services.

At the end of February, Fench told a business forum on Libya that Malta identified itself strongly with Libya and wanted to play a strong role in its future.

Finance Minister Tonio Fenech speaking at the New Libya Forum in Malta in February

 

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