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Oil blockade costs Libya over $6 billion

The National Oil Corporation, the state energy firm, said that the supply shutdown has cost Libya $6,547,901,325 billion in lost revenue this year.

However, the NOC has instructed oil companies to prepare for a resumption of operations “in light of the ongoing negotiations” between it, the U.S. and regional powers to lift the blockade. A tanker is approaching the eastern Es Sider port to load crude, according to the NOC.

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