Royal Dutch Shell lifts first oil shipment from Libya in 5 years

A view of the Zueitina oil installation in Libya in 2013. The installation is one of three Libyan oil ports that have been closed for over a year. The three are set to reopen now that a unity government has arrived in Tripoli, militia leaders guarding the facilities said Thursday. PHOTO: MAHMUD TURKIA/AFP/GETTY IMAGES

Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday.

“Libya is a significant resource holder and Shell International Trading and Shipping Company Ltd (STASCO) has a history marketing Libyan crudes,” a Shell spokesperson said.

“We welcome new business opportunities with Libya’s National Oil Corporation (NOC). However, we don’t comment on specific trading deals,” the spokesperson added.

(Source: Reuters)

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