The resumption of oil exports raises the prospect of a much-needed boost to a war-ravaged Libyan economy. It may help stave off the threat of bankruptcy: Libya’s hard currency reserves fell from $111 billion in 2011 to
$40 billion in July 2016. ‘Instead of hurting each other, we should be cooperating to generate as much revenue as we can for the benefit of all Libyans. It is time to let Libya’s oil flow freely and get Libya back on its feet,’ said NOC chairman Mustafa Sanalla.