Oil Output Down Due to Protests

Libya's oil production has fallen by 70,000 bpd in the past week, to just 390,000 bpd, due to protests disrupting output from the El Sharara oilfield.

A spokesman for the National Oil Corporation (NOC) said on Sunday that the El Sharara oilfield was below its capacity of 340,000 bpd because protesters partially shut down a pipeline near the western town of Zintan leading from the field to the port of Zawiya.

He added that the El Wafa oilfield was again working normally after protesters had on Wednesday shut gas and oil pipelines from the field, which produces around 30,000 bpd of very light oil condensate.

(Source: Reuters)

(Tanker image via Shutterstock)

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