Countries that Need Revenue Want to Produce and Sell their Oil
Before Gaddafi was removed from power as Libya’s chief, the country produced almost 1.6 MMBOPD. Today that number stands at just 436 MBOPD, according to Mustafa Sanallah, chairman of Libya’s National Oil Corp. (NOC).

“For the last three years, the other members, not only from OPEC but the others, they get advantage of [Libya’s production being so low],” said Sanallah. “So my colleagues work very hard to increase our production, to make the required maintenance.

Source: World ...

Tags: , ,

Legal Notice