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Protests Shut Two Oil Terminals in Libya

  • Protests have led to the shutdown of two crude oil export terminals in Libya, as authorities responded to demands from the Oil Crescent Region movement.
  • The Oil Crescent Region movement has threatened to block production and exports at all five terminals if their demands are not met.
  • The shutdown puts 450,000 barrels of daily exports at risk and threatens Libya's current oil production of 1.4 million barrels per day.
  • Despite the disruptions, Libya aims to boost daily crude oil production to 2 million barrels this year.
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