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​Libya plans to reopen major oil ports

Four of Libya’s largest ports producing 860,000 barrels of oil a day are scheduled to reopen after it was shut down five years ago due to political rivalry over management of oil sales in the country.

As part of the measure to restore Libya’s injured economy, Es Sider, Zawiya, Ras Lanuf and Zueitina, will be operating again as crude output has been down since former ruler Moammar Al Qaddafi was removed from office, producing only 220,000 to 250,000 barrels per day compared to its previous 1.6 million barrels.

Although there is no specific time yet, National Oil Corp. spokesman Mohamed Elharari is looking forward to the ports’ reopening as their exports beat the output of some of its fellow OPEC countries.
The material has been provided by InstaForex Company – www.instaforex.com

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​Libya plans to reopen major oil ports Reviewed by on . Four of Libya's largest ports producing 860,000 barrels of oil a day are scheduled to reopen after it was shut down five years ago due to political rivalry over Four of Libya's largest ports producing 860,000 barrels of oil a day are scheduled to reopen after it was shut down five years ago due to political rivalry over Rating:
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