Libya News
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The International Energy Agency may consider further releases of oil stockpiles as a means to lower the price of crude, French Industry Minister Eric Besson said.
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Libya’s Transitional National Council, fighting to overthrow the government of Muammar Qaddafi, won’t sign new contracts with oil companies because the movement wasn’t elected, a spokesman for the group said.
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Russian President Dmitry Medvedev said he expects Libyan leader Muammar Qaddafi’s government to reach a compromise that will end military action in the North African country by NATO forces.
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Jordanian tourism revenue dropped 12 percent in the first half of 2011 from a year earlier because of regional turmoil, the Ministry of Tourism and Antiquities said.
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Libya’s rebel movement is talking with companies including Royal Dutch Shell Plc about supplying fuel to the country should the government of Muammar Qaddafi fall, Energy Intelligence Group’s International Oil Daily said, citing Guma El-Gamaty, the rebels’ representative to the U.K.
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Three senior U.S. officials held a secret meeting July 16 with representatives of Muammar Qaddafi’s government, which said today the development was a sign of U.S. willingness to negotiate with the regime.
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Niger’s government began distributing 20,852 tons of grain to 1.4 million victims of famine and 211,800 migrants who have fled violence in neighboring Libya, according to an e-mailed statement.
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Exports of crude oil by Venezuela and Saudi Arabia led monthly increases by OPEC member countries in May, according to the Joint Organization Data Initiative.
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Libyan rebels are advancing on Brega in their most ambitious offensive in weeks, aimed at wresting control of the oil town from forces loyal to Muammar Qaddafi.
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Iran’s oil-refining capacity increased 18 percent last year, the biggest gain among OPEC members, according to a report by the 12-member group.
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