Libya’s Largest Terminal Resumes Oil Exports

Libya’s state-owned company National Oil Co. cut its prices, OMV and Unipec, the trading arm of China Petroleum & Chemical Corp. 600028.SH -0.75% , or Sinopec, have largely replaced traditional Libyan oil buyers from the Mediterranean and together bought the majority of the country’s oil cargoes this month, according to a shipping broker. Sinopec didn’t return a request for comment while OMV declined to comment.

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