Hon. Ilya Ponomarev is a member of the Russian State Duma for the A Just Russia party. He sat down with Revenue Watch at the December 2013 regional parliamentary workshop on extractives in Istanbul, where legislators from Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia and Russia gathered.
With the ninth-largest proven oil reserves in the world, Libya has all the resources it needs to become the richest country per capita in North Africa. But if current trends continue, the nation of 6.5 million may well go bankrupt by 2018.