Libya buys six oil tankers for 400 million doller
AFP/File – A general view shows the port in Tripoli in November 2008. Libya's national maritime transport company … TRIPOLI (AFP) – Libya's national maritime transport company announced on Wednesday the purchase of six oil tankers valued at a total of 400 million dollars.
The contracts were signed on Sunday and Monday with Korean naval construction group Samsung Heavy Industries and Japanese constructor Sasebo Heavy Industries, company official Tarek Yussef Said told AFP.
Four tankers will be built by Samsung and the other two by Sasebo, he said.
The tankers will have a total capacity of 700,000 tonnes, or the equivalent of five million barrels of crude.
Headed by Hannibal Kadhafi, son of Libyan leader Moamer Kadhafi, the company exercises a near-monopoly in the transport of Libyan oil. Its fleet currently comprises 18 tankers with a total capacity of 11.8 million barrels.
With two million barrels per day Libya is the third largest producer in Africa, after Nigeria and Angola. It plans to increase its production to three million barrels a day by 2013.
(This news from Libya 24 Disember 2008)
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