September 8, 2009 / 7:10 PM / 9 years ago

Libya's Ghanem not expected to attend OPEC meeting

VIENNA, Sept 8 (Reuters) - Libya’s Shokri Ghanem is not expected to attend OPEC’s meeting in Vienna because he has tendered his resignation as chairman of Libya’s National Oil Corp, industry sources said on Tuesday.

The reason for Ghanem’s offer to resign was not clear.

It followed a dispute between Libya and Canada’s Verenex Energy Inc. VNX.TO over Verenex’s proposed sale to China. Verenex said on Tuesday Libya refused to approve the deal.

Talks between Libya, holder of Africa’s largest oil reserves, and foreign oil companies over investment in its energy industry have been protracted.

“I do not completely exclude the possibility that he won’t be back,” said an industry source in Vienna ahead of Wednesday’s meeting of the Organization of the Petroleum Exporting Countries.

Ghanem could not be reached by Reuters for comment. He has been rumoured for several days to have resigned, or to have been on the point of doing so.

A Libyan official arriving in Vienna on Tuesday for the OPEC meeting declined to comment on whether Ghanem would attend or whether he had resigned from his post.

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