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Libya’s Oil Gushing Again as Output, Exports Hit Multiyear Highs

  • Exports highest since at least July ’14, tanker tracking shows
  • Production surging, country signed big cargo-loading contracts
An oil facility in al-Buraqah, Libya. 

An oil facility in al-Buraqah, Libya. 

Photographer: ABdullah Doma/AFP via Getty Images

Libyan oil is gushing again with production and exports surging to the highest in years.

Despite unresolved domestic conflicts that first erupted after the ouster of dictator Muammar Qaddafi, Libya has somehow found a way to get its crude flowing. Already this year, it’s secured commitments from some of the world’s biggest energy companies, including at least three new annual cargo-lifting contracts and a $450 million oil-field investment from France’s Total SA.