Libya’s oil production falls to 119,867 barrels a day

A view of pipelines and a loading berth of the Marsa al-Hariga oil port in the city of Tobruk, east of Tripoli, Libya, August 20, 2013. (File photo: Reuters)

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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Last Update: Wednesday, 20 May 2020 KSA 09:57 - GMT 06:57
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