Oil storage capacity at Libyan port Ras Lanuf has been cut by 400,000 barrels after fighting between rival factions to gain control over terminals set two of its five crude tanks on fire. The country’s National Oil Corporation (NOC) said if the fire spread it would stop exports completely. “Libya is in a state of war and we are not able to export our oil because there is no access for us through any other country,” NOC spokesman Ahmed al-Assiri told Reuters.
Oil storage capacity at Libyan port Ras Lanuf has been cut by 400,000 barrels after fighting between rival factions to gain control over terminals set two of its five crude tanks on fire. The country’s National Oil Corporation (NOC) said if the fire spread it would stop exports completely. Damage to the tanks from earlier fighting had been repaired but an armed force opposed to the Libyan National Army (LNA) attacked again and the NOC closed the port, evacuating workers.