Saturday 18 January 2020

Libyan Oil Exports Interrupted, Output May Be Cut by Half - Bloomberg

Libyan Oil Exports Interrupted, Output May Be Cut by Half - Bloomberg:

Oil shipments were halted from at least three ports in Libya, according to people familiar with the matter, as the National Oil Corp. warned that planned stoppages could cut more than half of the nation’s crude output.

Exports have been frozen at Ras Lanuf, Sidra and Brega, the people said, a day before members of the North African’s country’s warring factions are due to attend a summit in Berlin to try to resolve the conflict. Earlier Saturday, a NOC official said all oil shipments from ports in central and eastern Libya, except Zueitina, were due to halt after direct instructions from the Libyan National Army, the force based in the country’s east. 

The LNA is controlled by Khalifa Haftar, whose forces have been trying to overthrow the United Nations-backed government in Tripoli and have besieged the capital city.

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