Sunday, 4 February 2018

Qaddafi's Long Gone, But Libya's Oil Still Struggles - Bloomberg

Qaddafi's Long Gone, But Libya's Oil Still Struggles - Bloomberg:

"Theft, corruption and injustice are getting dangerously close to strangling the newly reborn Libyan oil industry in its cradle.  

Should anyone outside Libya care? Yes -- OPEC, Europe and the U.S., to name a few. 

On the face of it, National Oil Corp. had a good year in 2017, building on its successes of late 2016. The country's production tripled between the third quarter of 2016 and the last three months of 2017 -- a feat few thought possible."



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