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...Meanwhile, nearly 14 per cent of black households had no bank accounts at all, compared with 2.5 per cent of white households, according to the Federal Deposit Insurance Corporation....
...“Obviously corporations would benefit from direct money going to them as opposed to this trickle-up,” said RA Farrokhnia, professor at Columbia Business School....
...National Oil Corporation, the state oil company, said on Friday it was lifting force majeure on the export ports of Sidra and Ras Lanuf after it confirmed that foreign forces had left them....
...Bigger production rises will depend on the reopening of the prolific Sirte Basin and fields that supply the crucial export terminals of Ras Lanuf and Es Sider, in Libya’s oil crescent....
...At least 800,000 barrels a day of crude supplies worth roughly $55m per day, the economic lifeblood of the country, have been halted, according to the National Oil Corporation (NOC), the state-owned oil...
...It said the redeployment would enable the UN to take a leading role in supporting Red Sea Ports Corporation in managing the ports and enhance UN checks on cargoes....
...He cannot, however, sell oil because under UN Security Council resolutions, the country’s National Oil Corporation is the only entity authorised to export crude....
...Libya’s National Oil Corporation said on Monday that damage to facilities at the Ras Lanuf terminal had reduced storage capacity by 400,000 barrels of oil — almost half the capacity at the port....
...“The National Oil Corporation announced the lifting of force majeure in the ports of Ras Lanuf, Es Sider, Hariga and Zuetina after the facilities were handed over to the corporation this morning, July 11...
...Libya’s National Oil Corporation said it evacuated its staff from the ports to protect their safety and that production losses as a result of the clashes reached 240,000 barrels....
...NOC said in a statement posted on its website that force majeure, a legal waiver on contractual obligations, had been lifted on the ports of Ras Lanuf, Es Sider, Zueitina and Hariga....
...A spokesman for the Libyan National Army, commanded by Khalifa Haftar, the military strongman who dominates eastern Libya, said they were now in control of the oil facilities of Es Sider and Ras Lanuf....
...The writer, a chemical engineer by training, is the chairman of the Libyan National Oil Corporation...
...It also follows a move by the LNA to bar the NOC from exporting oil from two other ports — Ras Lanuf and Es Sider — which it had taken command of....
...It also aims to bring the Saline Water Conversion Corporation’s Ras Al-Khair station into private ownership, “a crucial step in rearranging the water industry and (increasing) efficiency,” according to the...
...The “bulk” of funds to be raised will come from bringing the Saline Water Conversion Corporation’s giant Ras Al-Khair plant under private ownership, he said....
...“There’s projects that never had a soul, that are just like, ra-ra, price go up,” he flaps his long hands, “Lambo[rghini], vrromm, buybuybuy now!”...
...Credit Bank of Moscow chief executive Vladimir Chubar said the withdrawals were made by one large state-run organization after the bank withdrew its rating from Expert RA, a Russian agency, this summer....
...Libya’s National Oil Corporation, which is based in Tripoli, ran the ports when the facilities were under the control of Mr Haftar who had seized them in September....
...A spokesman for Mr Haftar said the LNA has not decided how Es Sider and Ras Lanuf will be run and if the Tripoli-based National Oil Corporation (NOC), which tried to maintain its neutrality during the conflict...
...Libya’s National Oil Corporation says that production has dropped slightly by 35,000 barrels a day because of the recent clashes....
...Mustafa Sanalla, the chairman of Libya’s National Oil Corporation, has called for “concrete steps” to protect the country’s oil assets as fresh fighting that has erupted near crucial oil facilities threatened...
...Gen Haftar’s forces last month recaptured two key oil ports of Es Sider and Ras Lanuf, the latest in a wave of clashes that has hit the Opec member’s crude output....
...National Oil Corporation chairman Mustafa Sanalla said the eastern commander Khalifa Haftar had handed over the ports, allowing the restart of Ras Lanuf, Zueitina and Es Sider....
...of crude oil from the Zueitina and Ras Lanuf terminals....
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