Libya: fourth largest oil producer in Africa

TRIPOLI – Libya, a member of the Organization of Petroleum Exporting Countries (OPEC) is the fourth largest oil producer in Africa after Nigeria, Algeria and Angola, with nearly 1.8 million barrels per day and has reserves estimated at 42 billion barrels.

On arrival in power of Colonel Gaddafi in 1969, oil companies, mainly American, extracted from Libyan soil more than 2 million barrels per day. But soon, the Libyan leader nationalized the oil production limit, and creates the National Oil Company…read more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: