Monday 9 April 2012

Libya probing local, foreign oil companies: WSJ - Yahoo! News UK

The Libyan general prosecutor's office is investigating foreign and domestic oil companies over their past operations in the country, which is recovering from a civil war that ended with the overthrow of Muammar Gaddafi, the Wall Street Journal reported.
The office is probing Libyan and foreign operators in the country for possible financial irregularities, the body's deputy head, Abdelmajeed Saad, told the newspaper.
The prosecutor's office has asked the head of audit at Libya's National Oil Corp to supply it with documents related to transactions between the oil company and international traders Vitol Group and Glencore International, the Journal said.

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