Blockades at Libyan ports and pipelines have taken away 1.09 million barrels per day (Mmbpd) of crude production from the North African country, resulting in revenue losses of $2.10 billion, Kallanish Energy reports.
According to the country’s National Oil Co. (NOC), as of Feb. 23, crude production had plunged to 122,430 barrels per day. “The production, transportation and supply of oil and gas continues to be severely reduced due to the ongoing security situation across Libya,” the firm said, in a statement Monday.
The forced restriction of production and the force majeure on exports, are having an effect on the domestic fuel supply. For now, NOC continues to supply hydrocarbons to the Central and Eastern regions “in sufficient quantities to meet the transport and domestic needs of citizens.”
However, Tripoli storage depots and some of the surrounding areas, and Southern regions “are still suffering from a lack of supplies due to the deteriorating security conditions.”
Data shows fuel stock levels in the Eastern, Central and Southern regions were as short as 1 day (diesel in Zawiya) and as long as 24 days. Some regions have already run out of gasoline, diesel and liquified petroleum gas (LPG).
This post appeared first on Kallanish Energy News.