Friday, December 26, 2014

Fire Engulfs Libya’s Largest Oil Terminal

Via FT:
Fire engulfed Libya’s largest oil terminal, almost two weeks into an offensive by Islamist militias attempting to seize control of the facility. Images broadcast on Libyan television on Friday showed part of the el-Sidr oil export terminal, in the east of the country, in flames and spewing black smoke.
The terminal, which can export 400,000 barrels a day of crude oil, has been shut down since militias, known as Libya Dawn and loyal to the self-declared government in Tripoli, began moving from their stronghold in the central city of Sirte in an attempt to seize the facility.

The fighting in Libya has cut its oil production from almost 900,000 barrels a day in October to around 350.000 b/d now, according to the state oil company.

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