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Libya's oil output raises slightly.

Libya oil production now at 400,000bpd

TRIPOLI, March 2, 2015

Libya's oil production is now at more than 400,000 barrels per day (bpd), an increase from recent levels when fighting between rival armed groups closed two key ports, an official from the National Oil Corporation said.

Libya's crude output has been battered by conflict between two rival governments battling for control of the North African country. Production is well below the 1.6 million bpd levels before the 2011 civil war that ousted Muammar Gaddafi.

In January, the Tripoli government said production had dropped to 363,000 barrels a day with exports at about 200,000 bpd.

NOC spokesman Mohammed El-Harari also rejected a report by United Nations sanctions monitors that said Libyan authorities were unable to halt the illicit trade in oil or the flow of weapons in and out of the country.

He said all oil port and export operations were carried out under the authority of the inspection agency of the NOC, which is responsible for shipping crude oil.

"The NOC did not register any smuggling of Libyan crude oil, In contrast, the NOC condemns the smuggling of fuel and oil products from the local market to neighboring countries," he said. - Reuters




Tags: libya | oil pipeline | Hariga |

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