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Libya’s oil industry in jeopardy
June 18, 2018
Source: Reuters

Libya’s oil industry in jeopardy

Libya’s worsening political turmoil has started affecting its oil industry, which was staging a partial recovery over the past couple of years. Libya’s National Oil Corporation (NOC) reported that a fight between rival factions to have control over two key export terminals resulted in a second crude oil tank catching fire. This forced NOC to cut 400,000 barrels in the storage capacity at Ras Lanuf port.

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