Libya’s National Oil Corporation (NOC) said on Sunday it would not take part in any OPEC production cuts for the “foreseeable future” as the North African country tries to bring crude output back towards pre-conflict levels.
“Libya is in such a dangerous economic situation, there is no way it can participate in OPEC production cuts for the foreseeable future,” NOC Chairman Mustafa Sanalla told delegates at the Arab-Austrian Economic Forum in Vienna on Friday, according to an NOC statement.
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Source: http://www.reuters.com
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