Libya Racks Up $1 Billion Dues for Fuel Imports, Risking Supply
Libya has piled up about $1 billion of arrears to its fuel suppliers after the country ended a controversial oil barter program about three months ago, according to people familiar with the matter
Dues owed by state-owned National Oil Corp. are likely to triple by the end of the year if it doesn't start clearing them, said two people with knowledge of the situation, asking not to be identified because the information is private. The company's inability to pay risks the availability of products such as gasoline in a country beset by political unrest.
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