20.12.2011 - Libyan, Iraqi output lead OPEC to raise target: Persian Gulf Oil
Saudi Arabia won over fellow OPEC members to forge agreement on a new oil production ceiling for the first time in three years, to accommodate increasing output from Libya and Iraq. Qatar International Petroleum Marketing Co., known as Tasweeq, offered 3 million barrels of Al-Shaheen crude for February loading. Libya’s National Oil Corp. agreed to buy 3 million tons of gasoline next year from four international companies, according to the manager of its supply department...............................................Full Article: Source
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