London—The ongoing disruption to Libya’s oil sector is likely to continue for another year, with possible damage to oil fields caused by improper shutdown expected to make any recovery to pre-crisis levels very difficult to achieve, analysts at Morgan Stanley said Monday. Protests and sit-ins at key Libyan oil infrastructure— particularly in the east of the country— have seen production slump to lows of around 200,000 b/d and exports to a trickle. Before the protests and strikes began in earnest in May, Libya was producing close to capacity at around 1.4 million b/d.
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