2013 Oil Revenues Disappoint

A senior Libyan oil ministry official says that as a result of the disruptioin at oil facilities, oil revenues were 20 percent lower than projected in 2013.

Deputy Minister for Oil and Gas, Omar Shakmak, said that proceeds from Libyan crude yielded a little less than $40 billion, much lower than the projected $50 billion for the year.

In recent weeks, the militia has attempted to sell oil independent of the central government. The government has threatened it would take action against companies cooperating with the renegade group.

(Source: NYTimes)

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