StockGuru Blog: Grifco International, Inc. (OTC: GFCI) is Helping the Libyan Oil Industry Regain Higher Oil Production Levels
Grifco International, Inc. (OTC: GFCI) is Helping the Libyan Oil Industry Regain Higher Oil Production Levels Grifco International Inc. (OTC: GFCI) GFCI, is a well positioned Oil Service Company, with significant operations on the ground in Libya to develop North African and Mideast Oil Tool Markets. Libya is a major oil producer and aims to boost its oil output capacity. Libya produces high-quality, low-sulphur (”sweet”) crude oil at very low cost (as low as $1 per barrel at some fields). During the first half of 2003, Libyan oil production was estimated to be at 1.5 million bbl/d, an increase from…