U.N. Issues Oil Warning To Libya
UNITED NATIONS, Sept. 17 (UPI) — Libya needs to resolve issues that are dramatically curtailing its oil export potential or risk going broke, the U.N. special envoy to the country said.
Libya before civil war in 2011 was producing approximately 1.6 million barrels of oil per day. Conflicts related to security at oil export terminals and federalist campaigns in the eastern part of the country have nearly eliminated the country from the oil market.
Tarek Mitri, U.N. special envoy to Libya, told the U.N. Security Council the country may be in dire financial straits without a resolution.
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