Libya’s oil output has fallen to 620,000 barrels per day (Mbbl/d), a drop of about 80 Mbbl/d since clashes erupted around some of the country’s major export terminals, the head of the National Oil Corp. (NOC) said on March 9.Mustafa Sanalla told Reuters that production by Waha Oil Co., a joint venture (JV) between NOC and foreign partners, had been entirely halted. Waha pumps oil to Es Sider, one of two ports that the eastern-based Libyan National Army (LNA) lost control of to a rival faction on March 3.A port official at Ras Lanuf, a neighboring terminal that the LNA also withdrew from, said that production by another NOC JV, Harouge Oil Operations, had also been affected, without giving details.
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Source: Daily Dose of ShaleDirectories.com News