Chaotic Libya Struggles to Maintain Oil Output

Libya is struggling to keep its oil output stable, let alone increase it, as protests cut crude exports in the sector that supplies 95 percent of state revenue.
In the past year, disgruntled Libyans have protested at oilfields and export ports, clouding initial optimism over a speedy return to output levels of nearly 1.6 million barrels per day (bpd) following the 2011 war that ousted Moammar Gaddafi.
The state National Oil Corporation (NOC) said on its website output had …

Powered by WPeMatico

This entry was posted in Business. Bookmark the permalink.

Comments are closed.