Statistics released from Libya’s National Oil Corporation show January’s production was 80% below output in 2011
Ongoing conflict in Libya is preventing the country from maintaining output, a very serious problem considering the majority of the state’s revenues come from oil and gas revenue. During an interview with National Public Radio, Mustapha Sanallah, Chairman of Libya’s National Oil Corporation (NOC), said the outlook for his country is bleak.

“We cannot produce. We are losing 80% of our production,” Sanallah said. “Now we have two p...

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