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Warning Signs Grow for Libyan Oil Production

Sep 27, 2019 | 09:30 GMT
This photo shows an oil installation in Libya.

A general view shows an oil facility in the northern oil-rich Libyan town of al-Buraqah on Jan. 12, 2017.

(ABDULLAH DOMA/AFP/Getty Images)

As oil markets maintain their focus on how quickly Saudi oil production can bounce back from attacks on Abiqaiq and Khurais, a long-running crisis a couple of thousand kilometers west in Libya is putting more than 1 million barrels per day at risk. The civil war in Libya between forces from the eastern and western parts of the country is not the country's only production problem: The legitimacy of Tripoli's National Oil Corporation, the entity that officially governs the country's oil exports, is once again at stake. It faces a growing crisis over fuel distribution and a threat to its continuity from a breakaway unit that refuses to recognize the authority of the corporation's leaders in Tripoli....

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