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Libya Oil Boss Sees Country Exempted From Future OPEC+ Cuts

  • OPEC+ considering new reductions in crude output in 2019
  • Libya with Nigeria was exempted from past cuts due to conflict
Libya Kidnap Shows Oil-Supply Growth at Risk From Insecurity

Photographer: Shawn Baldwin/Bloomberg

Libya’s top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output.

“The OPEC community has understood the difficulties we face –- Libya has withheld more than any other country from the global market,” National Oil Corp. Chairman Mustafa Sanalla wrote in a phone message. “This should be factored in.”