Strikes and lawlessness bring Libya’s oil industry to its knees - FT.com

Strikes and lawlessness bring Libya’s oil industry to its knees - FT.com:

"

A Libyan oil terminal burns during the civil war.
Security troubles continue to make life
difficult for business

Libya is facing its worst crisis since the fall of Colonel Muammer Gaddafi in 2011 as a growing malaise in the country’s oil industry sets regional and tribal groups against the government and starves the state of essential export revenues.
Oil production has fallen from 1.4m barrels a day at the start of the year to just 250,000 b/d, according to the government – and less according to independent consultants – as key infrastructure has been shut down.
In a country where petroleum export revenues accounted for three-quarters of gross domestic product last year, the implications are enormous."

'via Blog this'