Oil Exports fall by Third in 2013

Petroleum exports from Libya have fallen by one-third in 2013 compared to 2014, according to data produced by the Organization of Petroleum Exporting Countries (OPEC).

Exports brought in revenues of $40.163 billion in 2013, down from $60.188 billion the year before. The figure is also lower than the revenues in 2010, before the revolution that toppled Muamar Gaddafi.

In all, petroleum accounted for 98.6 percent of Libya's exports in 2013, with non-petroleum bringing in only $560 million .

(Source: OPEC)

(Tanker image via Shutterstock)



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