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Wednesday, January 29, 2020 5:22 GMT
Libya's oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d "very soon" if the blockade led by the self-styled Libyan National Army continues, the chairman of its state oil company said Monday. Libya was producing more than 1.1 million b/d before January 18, when the LNA suspended oil exports from key terminals and shut in the country's main oil fields. National Oil Corporation chairman Mustafa Sanalla told reporters at an event in London Libya was...More