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Libya. A consortium headed by Socony Mobil, which recently snaked a third pipeline across a desert still infested with World War II mines, this week will begin pumping oil to a terminal on the Gulf of Sirte. From there, tankers can haul it to European markets for 40¢ a barrel cheaper than oil from the Persian Gulf. If oilmen are resigned to Ben Bella's muscling into their business in Algeria, the danger of similar moves in Libya seems remote. And Libya, oilmen predict, will soon produce three times as much oil as Algeria.