Browsing Tag

oil production

The UN expresses concern over Libya’s decision to stop

Stopping oil production at a Libyan eastern terminal and more imminent closures of oil facilities in the war-torn country following a budget conflict raised eyebrows at the UN. On Monday, Libya's National Oil Corporation (NOC) said it had suspended crude oil production and exports from the port of Marsa al-Hariga, citing Libya's central bank's refusal to disburse money set aside for the oil sector for several months. "Continuous oil production and the maintenance of the NOC's independence and…

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