Middle East Affairs

Libya has lost 400,000 barrels of oil due to militant attacks

Libya has lost 400,000 barrels of oil due to militant attacks

Libya has lost 400,000 barrels of oil due to militant attacks
June 20
10:48 2018

(Arab News) LONDON: Libya’s National Oil Corporation (NOC) said that at least 400,000 barrels of storage capacity has been lost within the past few days due to militant attacks on Ras Lanuf and Al-Sidra.

The NOC announced Monday that it has suffered “catastrophic losses” when two storage tanks were destroyed during fierce clashes in its oil crescent, northeast of the country.

Armed groups on Thursday attacked the Ras Lanuf and Al-Sidra terminals held by Haftar’s forces around 650 kilometers (400 miles) east of Tripoli.

Haftar led a “major offensive” on Sunday following the attacks to drive rival groups from the country’s northeastern oil crescent.

NOC chief Mustafa Sonallah warned in statements carried by Reuters that if oil exports from these terminals remain at a standstill it could cause a “national disaster.”

The oil firm warned on Friday that output could fall by up to 400,000 barrels per day if the export shutdown continues.

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