Libya's Ascendant Oil Boss Poses Challenge for OPEC, Russia
- NOC Chairman Sanalla gains influence amid political vacuum
- Sanalla to represent Libya at technical meeting in Russia
Mustafa Sanalla.
Photographer: Eric Piermont/AFP via Getty ImagesThis article is for subscribers only.
Libya’s rebounding oil output is undermining the supply curbs masterminded by Saudi Arabia and Russia. But any pleas for the OPEC member to exercise restraint will probably be resisted by the technocrat overseeing the North African nation’s turnaround.
Production has climbed to a four-year high of 1.1 million barrels a day, with Libya adding output since April that’s equivalent to more than a quarter of the cuts agreed by OPEC and its allies.