Libya’s National Oil Corp (NOC) said the north African state’s oil output fell to an average of 119,867 barrels per day as of Wednesday, according to a statement on the state-owned company’s website.
The decline in output, it said, resulted in losses exceeding $2.7 billion since January 18, following a blockade of ports and oilfields by groups loyal to eastern-based Libyan National Army Commander Khalifa Haftar. Libya’s oil production was an estimated 1.3 million barrels a day before the closures.
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