Libyan oil exports halted since Monday, affecting major ports & reducing output by 63% due to political tensions.

Libyan oil exports have been halted since Monday, significantly impacting major ports like Es Sidra and Ras Lanouf. The country's oil production has plummeted, primarily due to the near shutdown of the Sarir oilfield, which has reduced output by about 63%. This disruption is fueled by ongoing political tensions among rival factions, leading to a focus on meeting domestic energy needs while exports remain suspended.

September 02, 2024
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