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Libyan oil production slumps due to port attacks

Ras Lanuf, Libya (PortSEurope) June 14, 2018 – Rebel attacks on two eastern Libyan ports have led to a reduction in the country’s oil production by a quarter, a representative of the national oil company National Oil Corp. said.

According to the company, oil production of Libya was reduced by about 240,000 barrels a day, while loading of oil tankers was also suspended.

Disruptions to production occurred after insurgent attacks on the terminals of Es-Sider and Ras Lanuf. After several years of decline, oil production in Libya has recently recovered to about 1 million barrels per day.

Meanwhile, interruptions in oil production are also observed in other regions, including Venezuela.

Source: National Oil Corporation

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