Libya’s NOC reported oil and gas income of $2.25bn for July, bringing the total revenues so far this year to $12.48bn - a 9% drop on the same period last year.

Libya’s 300,000 b/d Repsol-operated El Sharara field was forcibly shutdown twice in July (MEES, 2 August), which NOC says “lowered revenue receipts.” It remains unclear whether the shut-downs were linked to the bloody battle for the capital (MEES, 12 April); so far Libya’s oil sector has been mostly unaffected by the fighting which remains largely concentrated in and around Tripoli. (CONTINUED - 344 WORDS)