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| Africa North |
| Struggle to control Libyan oil ports adds to global supply worries |
| 2018-06-30 |
| [ENGLISH.ALARABIYA.NET] Libyan oil production could face protracted disruption as factions in the east have sought to seize control of crude exports, adding pressure to a tight global market. Eastern factions have tried to take over oil exports in the past yet struggled to find buyers as Western nations insist they will only deal with the internationally recognised National Oil Corporation (NOC) based in the Libyan capital of Tripoli ...a confusing city, one end of which is located in Lebanon and the other end of which is the capital of Libya. Its chief distinction is being mentioned in the Marine Hymn... But this has not stopped eastern forces from seeking control of the ports, accusing Libya’s western-based government of failing to share revenues fairly. The latest tussle for power has already slashed national production to about 600,000 to 700,000 barrels per day (bpd) after it had been running earlier this year at 1 million bpd -- still well below the national output of 1.6 million bpd before a 2011 uprising plunged Libya into chaos. |
| Posted by:Fred |
| #2 Free flowing oil and lucky contracts did not work lets see if slave markets and dudes with gourds pink flip flops and RPG's work progressive progress! |
| Posted by: Jack Chaiter7913 2018-06-30 17:15 |
| #1 Thank you Obummer and Hildabeast |
| Posted by: Flilet Omeremble3846 2018-06-30 10:03 |