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Eye of the storm for Libyan oil industry amid political issues

Is Libya’s oil sector immune to the country’s political turmoil, asks Derek Brower

Libya's oil industry has often seemed like a beacon of calm amidst the political chaos gripping the country since Muammar Qadhafi’s fall in 2011.  Oil output, which was shut in during the war, recovered far more quickly than many analysts predicted, reaching pre-conflict levels more than a year ago. It remains there: at the end of May, National Oil Company (NOC), the state-controlled firm, said production was just over 1.6 million barrels a day (b/d). Libya is even confident enough to have offered Egypt $1.2 billion worth of crude oil on soft credit terms. It’s an achievement for a country that has yet to agree a post-Qadhafi constitution, suffers sporadic violence, has been through several

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