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Libyans fight over oil field at depletion midpoint while African crude exports decline

Gaddafi forces have attacked and damaged a pumping station at Messlah, North of the Sarir field, in the South East of Libya, depriving Benghazi of oil revenue. A 1990 report on this field suggests it could be depleted by up to 60%. While the media continuously parrot that Libya has the largest oil reserves in Africa, [...]