Libya Lost $7 Billion to Oil Strikes

Source: Reuters 12/7/2013, Location: Africa

Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said.

A mix of militias, tribesmen and civil servants have seized most oil ports and fields to demand more political power or higher pay, throttling Libya's oil export lifeline.

For more information about related Opportunities and Key Players visit Libya Oil and Gas Projects

Albania >>  1/24/2025 - The EU bank has provided advisory support to facilitate the introduction of a green taxonomy in the country.
EIB Vice-President Robert de Groot a...
Finland >>  1/24/2025 - Konecranes will publish its Financial statement release 2024 on Friday, February 7, 2025 at approximately 8:30 a.m. EET. The report will be available ...
Sweden >>  1/24/2025 - AFRY invites investors, analysts and media to a presentation of the year-end report for 2024 on Friday 7 February at 10.00 CET with Linda Pålsson, Pre...
Sweden >>  1/24/2025 - BPC Instruments AB (publ) (“BPC” or the “Company”) announces that the Board of Director’s has resolved, subject to the subsequent approval by the Extr...
United Kingdom >>  1/24/2025 - Coro Energy plc ("Coro" or the "Company"), the South East Asian energy company with a natural gas and clean energy portfolio, announces that further t...
United Kingdom >>  1/24/2025 - Renew the leading Engineering Services Group supporting the maintenance and renewal of critical infrastructure, announces that David Brown, Non-Execut...
Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


More News

Oil & Gas Companies in Libya >>

Related Links

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.