Libya’s Oil Recovery Loses Momentum

Libya’s upstream remains mired in strikes, stalling an oil output revival even as the sector seemingly continues to exist in a parallel world to the political reality in the country. After an impressive ramp up of production in recent months, output has slipped below 900,000 b/d, and an increasingly cagey National Oil Corporation (NOC) could not be reached to confirm reports that a strike at an eastern field continues to keep output down.

The end of a blockage of oil terminals in the east had enabled operations to resume at a slew of fields in the oil-rich Sirte Basin, pushing production up from just 150,000 b/d earlier this year, and giving rise to hopes that the 1mn b/d mark would be reached this month.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE