Libya expects Opec to make room for its return

摘要

Libya came to the Opec meeting in Vienna on 4 December determined to regain its lost market share as the months-long seige by militias of four major oil export terminals continues to disrupt output. “We used to produce 1.5mn b/d and somebody took our share in the market, and we are coming back,” oil minister Abdelbari al-Arusi said ahead of the meeting. Al-Arusi conceded after the closed ministerial session that Opec did not discuss which other members would make cuts to accommodate the potential return of Libya’s output. “People will give us room,” he said. “We have not discussed that, but we feel that they will give us room.”