Libya's National Oil Company is increasing storage capacity at its Ras Lanuf storage facility to its highest level since 2016.
Its subsidiary Harouge Oil Company has replaced storage tank number 7, which has a capacity of 500,000 barrels of crude oil. The company says this will help prevent forced oil field shutdowns, especially during winter weather, which can disrupt port operations.
Additionally, the company is also preparing to construct and replace storage tanks number 4 and 12, which were damaged during military operations in 2016. The completion of these two tanks will further increase the capacity at Ras Lanuf tank farm.
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