RESOLVING THE LEDGER
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Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as a result of drone attacks on the facility. The Zawya terminal has a daily capacity of 120,000 barrels, sourced from the country’s largest oil field, Sharara, which can produce up to 300,000 barrels daily, Reuters noted in a report on the possibility of a force majeure declaration. According to reports, a drone strike had destroyed a storage tank and another drone had targeted an oil blending facility at the Zawya terminal. The tank,…
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