Getting your player ready...
Libya is preparing tenders for the sale of crude oil next year for the first time since the country’s transitional government took over from forces loyal to deposed leader Moammar Gadhafi.
The government plans to begin selling about 400,000 barrels a day of crude in January under long-term contracts before increasing that to at least 700,000 barrels a day by the middle of 2012, Nuri Berruien, chairman of National Oil, said Monday in an interview in the Qatari capital of Doha.
