Libya’s Oil Industry May Be On The Verge Of Another Breakdown ...Middle East

With its crude oil production already the subject of various ongoing political divisions since the onset of civil war in 2011, another rift has opened up, this time between Libya’s Oil Minister, Mohamed Oun, and the chairman of its National Oil Corporation (NOC), Mustafa Sanalla. Whether or not this specific spat is resolved quickly, the emergence of another major fault line in Libya’s oil sector is likely to negatively impact its crude oil production over time, particularly in light of the uncertain investment backdrop that it paints…

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