Libyan oil production has edged up to around 700,000 b/d and Oil Minister ‘Abd al-Bari al-‘Arusi is confident the interim government in Tripoli can bring production back to ‘normal’ levels of 1.6mn b/d, within days of reaching a settlement with leaders of protests that have shut down all but two of its oil export terminals.
But he admits that at least one foreign operator, US firm Marathon, is in the process of negotiating its exit from the key...
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