After Qatar, Malta reported seeing 'cheap' oil from Libya

Malta is holding talks with Libya on an assured supply of oil and gas at favourable terms, the Libya Herald has reported. It said that the Libyan Undersecretary at the Ministry of Oil and Gas, Umar Shakmak has been in discussions with the Finance...

Malta is holding talks with Libya on an assured supply of oil and gas at favourable terms, the Libya Herald has reported.

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

It was also reported two weeks ago that Mr Fenech had similar talks with the government of Qater.

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.

Last February, Libya said it would review a request by Jordan for a supply of oil att preferential prices.

Mr Fenech is due to lead a Malta Enterprise delegation to Libya between April 16 and 19. The delegation will discuss trade and investment.

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