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Sovereign Wealth Funds Briefing - Categorized | Market

France targets deal with Libya for stricken refinery

Posted on 14 November 2012

France’s industry minister is leaning toward a deal with Libyan state oil company Tamoil to rescue France’s oldest refinery after the collapse of its previous owner Petroplus, French daily Le Monde reported on Tuesday.
Arnaud Montebourg said earlier this month he had received a non-binding letter of interest from Libya’s sovereign wealth fund to save the Petit-Couronne refinery of insolvent Swiss refiner Petroplus from liquidation………………………………………..Full Article: Source


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