Libya’s Oil Output Falls to Six-Month Low as Field Shuts

30 Mar 2017   Libya

Libya’s crude production dropped to about 500,000 barrels a day, the lowest since September, as exports from the nation’s second-largest terminal at Zawiya were disrupted. The OPEC nation’s output has fallen from about 700,000 barrels last week since production halted at Sharara in southwest Libya following the shutdown of the pipeline that links the field to Zawiya, according to a person familiar with the matter who isn’t authorized to speak to the media and asked not to be identified. Shipments from Zawiya , west of Tripoli, are now under force majeure. An increase in Libya’s crude output since late last year faltered this month when an armed group took control of the nation’s biggest oil port at Es Sider , east of Tripoli, where the first tanker in weeks loaded on Monday, according to tanker tracking. The nation’s output averaged about 624,000 barrels a day in the past five […]

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