Libya oil output drops 70pc to 330,000 bpd
Tripoli, July 31, 2013
Libya's oil production has slumped by 70 per cent to 330,000 barrels a day as armed security guards shut down four export ports, Oil Minister Abdelbari Al-Arusi said Wednesday.
"Libya's production has fallen by 70 per cent," he told reporters, adding that the ports of Es Sider, Ras Lanuf, Marsa Al-Brega and Marsa Al-Hariga had been shut down. Only Zawiyah port was open.
Output was 1.4 million barrels a day on Monday. - Reuters
More Energy, Oil & Gas Stories
- MEE launches energy conservation contest
- TSL wins Jordan solar power contract
- SEC signs $366m loan for Jeddah power plant
- Kurdish oil exports 'only with Iraq approval'
- UAE launches energy conservation drive
- Rising Saudi fuel use 'bigger threat than shale'
- Dentons boosts Mideast energy practice
- India seeks Iran's financial guarantees for ships
- Taqa wins approval for N Sea development
- BP to develop $16bn Oman shale gas project