Libya Faces Economic Meltdown As Oil Industry Grinds To A Halt
Libya has lost more than $5bn in revenues since the start of the year as a result of disruption to its oil production and exports and may not be able to meet its 2013 budget commitments, the National Oil Corporation (NOC) warned as it reported a 1.3mn b/d slump in its oil output to a mere 240,000 b/d.
Oil field, refinery and port shutdowns have marred the oil-dependent state’s economic...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!