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Libya: Oil pipeline closure costs over $75 million
The forced closure of a valve on the Spark-Zawia pipeline in Libya by an armed group resulted in losses exceeding $75 million and the loss of over 720,000 barrels of production. Valve No. 7 was shut down on September 21, which could lead to a partial stoppage of the Zawia refinery, while the shortfall in crude oil continues.
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