International records / Foreign Relations of the United States
139. Intelligence Note Prepared in the Bureau of Intelligence and Research
f oil readily available in Western Europe at prices more favorable than those for Libyan grades. The less competitive position of Libyan oil is reflected in decline of production to a 5-year low of 2 million b/d , which is rapidly being overtaken by Nigeria’s output, now at 1.8 million b/d . Libya’s ability to affect the total oil supply has also been lessened by resumed exports from Iraq’s Mediterranean pipeline and rapidly rising Algerian exports, now at almost 1 million b/d , up 23 percent over peak 1970 levels. The net result is that while Libya can damage the companies operating there, al…
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