Iraq Refinery Bombed; Libya Plant’s Supply Cut: Persian Gulf Oil
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Iraq’s largest oil refinery at Baiji was damaged in an attack that destroyed two of four production lines and killed four employees. Libya’s biggest refinery, Ras Lanuf, had its supply of crude interrupted due to violent clashes there.
Saudi Arabia increased oil output to make up for the loss of more than half of Libya’s crude production due to the anti-government uprising in the North African country, the International Energy Agency said.