Libya’s National Oil Corporation (NOC) chairman Mustafa Sanalla said on 2 September that Libya’s oil production had fallen by 40,000 b/d to 1.26mn b/d due to pipeline leaks. He specifically pointed to problems at Waha Oil Company which has a capacity of some 300,000 b/d.
“We have lost $600mn in sales opportunities due to the absence of maintenance work and major leaks. The debts owed by the corporation’s subsidiaries amounts to 2.5 billion dinars [$558mn].” (CONTINUED - 191 WORDS)