Libya Resumes Oil Exports From East — National Firm

Falling Oil Prices IllustrationThis illustration depicts an oil refinery as well as falling oil prices.
  • Libya Resumes Oil Exports From East — National Firm

Libya is resuming oil exports from its eastern production heartland, its National Oil Corporation said Wednesday after a showdown between the war-torn country’s rival authorities.

The internationally recognised NOC was handed back control of four terminals in the oil crescent on Wednesday morning, it said in a statement, adding that “production and export operations will return to normal levels within the next few hours”.

Exports from all four of the region’s ports had been suspended after military strongman Khalifa Haftar’s self-styled Libyan National Army seized them from a rival militia in June.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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