Libya expects to open all its oil loading terminals after it sets up a mechanism for a fair distribution of the country’s oil revenues among the regions, Parliament Speaker Aqila Saleh told U.S. ambassador and Special Envoy to Libya, Richard Norland, Benghazi-based news outlet The Libya Update reported on Monday. Libya’s House of Representatives plans to discuss the new budget at its next session, Speaker Saleh told Norland during a meeting in Cairo on Sunday. Last week, Libya’s National Oil Corporation (NOC) said that the Zueitina oil terminal had temporarily resumed work in order to load two tankers and allow for enough space to store the displaced volume of the crude oil. In April, Libya loaded just 819,000 barrels per day (bpd) of crude from its ports, down from nearly 1 million in March and the lowest volume since October 2020, per tanker-tracking data that Bloomberg is monitoring. By Charles Kennedy for Oilprice.comMore Top Reads From Oilprice.com:

Source: Libya Today May 09, 2022 20:32 UTC