USLBA Executive Director Jason Pack is quoted on Chairman Sanalla's role in increasing Libya's oil production in the Economist magazine

July 28, 2017
After conquering Benghazi, what will Libya’s new strongman do next?
 
An article in the Economist discusses what Khalifa Haftar might do next now that his political power is waxing following the Paris agreement between him and Fayez al-Serraj, highlighting how Haftar is increasingly being viewed as an important ally by European powers keen to address the threats of migration and jihadism emanating from Libya’s borders. USLBA Executive Director, Jason Pack, is quoted in the article:
 
General Haftar can also claim to have helped increase Libya’s oil exports. Since he secured the ports at Sidra and Ras Lanuf, production has roughly tripled to over 1m barrels per day. But Mustafa Sanalla, the head of the national oil company, gets most of the credit. “He sees how to bring in investment and expertise, despite the complex patchwork that exists,” says Jason Pack of the US-Libya Business Association. Even so, oil production has yet to reach the levels seen before the revolution in 2011, leaving the central bank, which uses the oil revenue to finance both halves of the country, short of cash.
 
To read the full article click here.