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. (CONTINUED - 1104 WORDS)