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Descent into a failed state
What price any lasting settlement with the United Nation’s plan for a power-sharing government? The militias still rule, oil revenue is collapsing with coastal storage and export terminals under attack, and several oil majors have no intention of returning. Libya’s decline into a failed state really began on the first day that Gaddafi assumed office, argues Nigel Bance.
Article details
Journal title: Petroleum Review
Publisher: Energy Institute
Subjects: Oil markets, Policy and Governance, Economics, business and commerce, Energy consumption, Crude oil, Oil, Oil production
