Libya says oil shutdown losses exceed $1.3 billion

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TRIPOLI - Libya’s National Oil Corporation (NOC) said in a statement on Tuesday that its crude output had dropped to 183,265 barrels per day as of February 11, adding that total losses due to a shutdown of Libyan oil facilities and ports had reached more than $1.3 billion. Oil output in Libya has fallen sharply since January 18 because of the oil blockade by tribes loyal to Libyan National Army Commander Khalifa Haftar, who backs one of Libya's two rival governments in the House of Representatives, which relocated from the capital Tripoli to the eastern city of Tobruk in late 2014. Powerful tribes seized large export terminals and choked off major pipelines last month, just days before...

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