Libya Boosts Oil Output
As a result of an aggressive marketing campaign by Libya's National Oil Corporation (NOC), Libyan oil output has now been restored to somewhere near the level prevailing before the advent of the US economic sanctions in early January. Last December, Libyan output was running at about 1.3mn b/d but this declined to around 800,000 b/d in February-March under the double impact of the US economic measures and the oil price collapse. Now in May, according...
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