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Libya’s NOC confident it can keep east from exporting oil

Bloomberg The chairman of Libya’s National Oil Corp in Tripoli said he’s confident that the US and other world powers would help block authorities in eastern Libya from exporting any crude after militia captured key ports there. Forces loyal to Khalifa Haftar, a commander in the politically divided nation’s east, have handed over control of ports with a combined export ...

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South Africa halts oil exploration permits

Bloomberg South Africa’s Department of Mineral Resources has issued a moratorium on new applications for petroleum exploration and development in order to change its licensing process. The restriction won’t affect applications received before the date of publication of the notice, which appeared in the online version of the Government Gazette on June 28 and was signed by Minister Gwede Mantashe. ...

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Bosch plans to sell $1.5 billion packaging machines division

Bloomberg German engineering group Robert Bosch GmbH plans to sell its packaging technology division that generated 1.3 billion euros ($1.5 billion) in sales last year to focus on its core business. The main pharmaceutical and food-packaging operations have insufficient synergies with the manufacturer’s other areas and can compete more effectively outside the group, Bosch said in an emailed statement. It ...

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