Libya’s NOC Dreams Of Better Future

Crude production in Libya remains stuck at a post-revolution low, with only its offshore fields contributing to output, as plans for a new bid round are put in doubt by the political chaos engulfing the North African state.

Oil output stood at just 155,000 b/d on 28 May, according to Muhammad al-Harari, spokesman for Libya’s National Oil Corporation (NOC). Fields in the East of the country remained idle as a protest over pay had shut in the Marsa el-Hariga terminal, depriving the oil rich Sirte basin of one of only two operational oil ports. In the West, protesters continue to block the pipelines connecting the Sharara and Feel (Elephant) fields to the coast, forcing the closure of the fields. (CONTINUED - 809 WORDS)