Libya pays price of strikes despite oil boom | The National:
"Libya could more than double its oil production this year, but the prospect of potential disruptions will limit appetite for freshly unlocked supplies, said Goldman Sachs.
Pumping about 250,000 barrels per day (bpd), the home of Africa’s largest proved oil reserves is projected to increase production to 650,000 bpd or more this year by the bank. Before the disposal of Muammar Qaddafi in 2011, the provider of the light sweet crude prized by European refiners was pumping 1.6 million bpd, the source of nearly all its government revenues."
'via Blog this'
No comments:
Post a Comment