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New Libya Oil Chief Mulls Resuming Exports at Eastern Ports

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The new head of the state oil company for eastern Libya is considering restarting exports from the region’s two largest ports and plans to boost crude output.

“Among my priorities will be lifting force majeure at Es Sider and Ras Lanuf,” Nagi Elmagrabi, chairman of the National Oil Corp. for the eastern region, said in a phone interview Tuesday. “I will also seek to increase oil production.”