Anarchy In Libya Keeps Production Shut In

Libya’s politics remain in deadlock, choking off oil exports and keeping production at little more than a third of the post-Qadhafi high. The transitional government has held things together somewhat after the short-lived abduction of Prime Minister ‘Ali Zeidan earlier in the month. The problems confronting Mr Zeidan were not much diminished by his release, and the issues facing the county’s oil sector are closely linked to his brief spell in captivity.

His government is still engaged in negotiations with secessionists in the oil rich eastern part of the country, while crude production languishes at 600,000 b/d, according to Mustafa Sanalla, a board member at Libya’s National Oil Corporation (NOC). (CONTINUED - 948 WORDS)