Monday, 18 November 2013

Libya’s oil production hostage to political unrest - FT.com

Libya’s oil production hostage to political unrest - FT.com:

"At its peak southern Libya’s el-Sharara oilfield daily yielded 350,000 barrels of sweet light crude that fuelled European industry and filled the coffers of the central government in Tripoli.
But now the remote desert facility produces nothing. The joint venture between Repsol and the Libyan National Oil Company has been shut down since late October, closed by protesters with a hodgepodge of political demands unleashed by the toppling of Muammer Gaddafi’s regime in 2011.
“They are making us lose a lot of money,” says Hassan Said, manager of the facility. “And this is not the first time. We’ve been shut down six times since the revolution. We are losing our customers. They are making problems for those who buy the oil from us.”"

'via Blog this'

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