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Asia-Pacific crude-Libyan exports likely to weigh

Posted on 08 April 2014

Differentials in the Asia-Pacific crude market could come under pressure from an expected increase in Libyan exports, traders said on Monday. Libyan rebels agreed with the government on Sunday to gradually end their eight-month petroleum blockade, which would free four eastern oil ports to export.
The Zueitina and Hariga ports, which account for around 200,000 barrels per day (bpd) of export capacity, will open immediately, while the larger ports, Ras Lanuf and Es Sider with capacity of around 500,000 bpd, will be freed in two to four weeks after more talks, the government said………………………………………..Full Article: Source


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