Libyan oil firm Agoco has agreed to give half of its early crude oil production to Vitol as payment for fuel supplied to rebels during the uprising against Muammar Gaddafi. Agoco chairman Ahmed Majbri stated that Vitol had delivered over $1 billion of fuel to the rebels. Agoco has already paid Vitol around $500 million in cash, crude oil, and naphtha. The company aims to restore oil production to pre-war levels within a year. Agoco is also planning to increase production from new fields and continue exploration in eastern Libya.
documents/EFTA00614108.pdf
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