Middle East

Progress with Libyan oil exports

Cairo: The president of the Libyan interim government, Ali Zaidan, announced that oil exports from some ports will resume soon. The nation has been crippled by strikes and protests at oil fields and ports since August, with oil production down by more than half.

Zaidan told the press over the weekend: "Oil will be exported again, starting from Sunday, after an arrangement with the local council of Tobruq and some tribes’ prominent leaders.

Zaidan announced also the establishment of one refinery with a capacity of 300,000 barrels per day in the Tobruq area, and another with a capacity of 50,000 barrels per day in Ubari, for domestic consumption.  [03/11/13]

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