Libya lost two tanks for oil storage because of attack of militants in Ra's Lanuf

The National Oil Corporation of Libya NOC lost two out of five reservoirs as a result of the attack by militants in the third largest port of Ra's Lanuf. Their destruction led to a reduction in storage capacity of oil by 400,000 barrels. As a result of the destruction of one of the tanks, there was a danger of oil leakage and flame spread to the three remaining storage facilities. According to NOC estimates, in connection with unsafe conditions in the region, the reconstruction of reservoirs can take years. Libya in the past 3 months produced an average of 990,000 barrels per day, compared with 550 thousand barrels per day in April 2017.

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