Oil exports resume in Libya after a three-month hiatus. This was announced by the Libyan National Oil Corporation on Facebook on Thursday, July 21.

In particular, the company announced the loading of the oil tanker Matala under the Maltese flag in the port of Sidr. It will deliver 1 million barrels of oil to Italy.

Oil production has also resumed. Field owned by Vaha Petrol and production started at five fields owned by El-Huruc and Arabian Gulf Oil Company.

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Production will increase in stages until returning to normal levels, the corporation assured.

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Earlier it was reported that the discount on Russian oil to Brent exceeded $40. Thus, Russia is trying to find new markets for its oil after the imposition of sanctions by Western countries.

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Recall that on Tuesday futures for Brent crude for delivery in? September fell 69 cents to $105.58 a barrel.