Thursday, February 24, 2011

Libya supplies 50% of Europe's oil

They should deal with Momo the Daffy Duck:
Libya's violent upheaval has taken 1.2 million barrels of oil off the global market as energy plants and ports are shut down, according to Italy's Eni, the largest producer in the country.

The figure represents most of Libya's total daily production, which before the crisis was about 1.6 million barrels of crude. The country sits on the biggest proven oil reserves in Africa.

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