Trading firm Glencore has from the start of 2019 lost its exclusive rights to trade Libyan state-firm Agoco’s roughly 200,000 b/d exports of Mesla and Sarir crude, Reuters reports.
Glencore acquired the rights in 2015 during a period of increased instability and fighting, giving the trading giant a monopoly on loadings from Hariga terminal near Tobruk in the country’s east (MEES, 7 September 2018). (CONTINUED - 140 WORDS)