Libyan Oil Output Edges Up As Fighting Threatens Recovery

The recovery of the Libyan oil sector hinges on finding a political solution that includes the country’s various power groups in a future government.

Despite heavy fighting in Tripoli and Benghazi that claimed around 50 lives, oil production is beginning to recover from a dip early in the week, and several tankers are scheduled to lift crude from terminals where exports have been patchy in the past.

Output edged up to around 500,000 b/d as MEES went to press, according to National Oil Corporation (NOC) spokesman Muhammad al-Harari, up from 455,000 b/d on 23 July. Production had dipped at the start of the week after clashes between militias in Tripoli reportedly prevented oil workers from returning to the 130,000 b/d El Feel field in the country’s south west.


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