Middle East

Two key Libyan terminals reopen

Cairo: Rebels blockading eastern ports said the nation's largest and third-largest export facilities can ship crude again.

Es Sider and Ras Lanuf, which have combined capacity of 560,000 barrels a day, are reopening today, which would increase Libya's crude-export capacity almost five-fold.

Libya is now producing about 320,000 barrels a day, or about a fifth of its output before Gadhafi was overthrown in 2011, according to state-run National Oil Corp.

Es Sider has 340,000 barrels in daily loading capacity and Ras Lanuf 220,000 barrels, according to the oil ministry.  [03/07/14]

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