TSX:KEC - Post Discussion
Post by
retiredcf on Aug 28, 2022 8:05am
Libya
Sad to see but this could again raise the price of oil. GLTA
Rival factions battled across Libya’s capital on Saturday in the worst fighting there in two years as a months-long political standoff burst into urban warfare that threatens to escalate into a wider conflict.
A health ministry source said 23 people were killed in Saturday’s fighting including 17 civilians. The ministry earlier said 87 people had been injured.
Sustained fighting in the city over the control of government would likely plunge Libya back into full-blown war after two years of comparative peace that brought an abortive political process aimed at holding national elections.
Overview. Libya was the seventh-largest crude oil producer in OPEC and the third-largest total petroleum liquids producer in Africa, after Nigeria and Algeria, in 2021. At the end of 2021, Libya held 3% of the world's proved oil reserves and 39% of Africa's proved oil reserves
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