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Libya: oil blockade causes losses of more than $8.36 billion

The Libyan National Oil Corporation (NOC) said Saturday financial losses of the oil blockade had reached over 8.36 billion dollars from January up until August 15, 2020.

“By closing the ports in the Gulf of Sirte, the condensate reservoirs at the export ports will be filled within days, so production of gas associated with the condensate, which feeds Zueitina power stations and north of Benghazi, will cease.” The NOC said.

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