ENERGY - Libya loses $7 billion to oil strikes, must find new buyers:
"Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Dec. 7.
A mix of militias, tribesmen and civil servants have seized most oil ports and fields to demand more political power or higher pay, throttling Libya’s oil export lifeline.
The OPEC producer is facing turmoil as Prime Minister Ali Zeidan’s government struggles to control dozens of former militias which helped oust Muammar Gaddafi two years ago but which have refused to give up their arms."
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