Libya Oil Exports Hit an 18-Month Low on Port and Field Closures
- NOC temporarily lifts force majeure at eastern port Zueitina
- Oil minister hopeful fields can resume after tribal talks
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Armed clashes, damaged storage tanks and political protests at key ports have hobbled Libya’s ability to export oil, cutting shipments to the lowest level since October 2020.
The North African country loaded 819,000 barrels a day last month, down from 979,000 barrels a day in March, according to tanker-tracking data monitored by Bloomberg. Fewer cargoes headed to the country’s biggest customers in Italy, Spain and China.