Libyan oil production gains limited

21 Oct 2017   Libya

War damage to port facilities in Libya could constrain production to around 1.25 million barrels per day, analysis from consultant group Wood Mackenzie found. Secondary sources reporting to the economists at the Organization of Petroleum Exporting Countries said Libya produced an average 923 million barrels of oil per day last month, down from the July peak of 1 million bpd. “Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual,” the consultant group said in an emailed report. In early October, the EUobserver, citing a “restricted” report from the European Union’s Border Assistance Mission in Libya, described lingering fractures remaining in Libya six years after civil conflict led to the death […]

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