Reply #51: #Gadaffi 'still boosted by millions of oil dollars'

[Catherina]

septimius_sever septimius severus
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@Libyan4life #Gadaffi 'still boosted by millions of oil dollars' : http://www.france24.com/en/node/5149480 #libya #feb17
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05 MARCH 2011 - 12H58
Kadhafi 'still boosted by millions of oil dollars'



Map of main countries to which Libya exports crude oil, based on figures from the International Energy Agency


AFP - Libyan leader Moamer Kadhafi's crumbling regime is still being boosted by millions of dollars of crude export revenues despite Western sanctions, the Financial Times reported Saturday.

The business newspaper, citing a senior Western oil official and traders, said that payments for oil exports were finding their way back to Libya's central bank, and possibly into Kadhafi's control.

In the last week of February, when the violence began, Libya exported about 570,000 barrels per day, and shipped about 400,000 barrels of oil over the past week, according to the FT.

The Libyan crude oil shipped over the past fortnight is worth about $770 million (550 million euros) at current price levels, the paper added.

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http://www.france24.com/en/20110305-kadhafi-still-boosted-millions-oil-dollars