Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering from these problems because of delays in the finance ministry disbursing budgets to the corporation for this year,” the statement read . Libya’s oil production averaged more than 1 million bpd in January, for the first time topping the million-bpd-mark for a full month since July 2013, data provider Genscape estimated earlier this month. Last month Libya produced 1.083 million bpd of crude oil, and 1.133 million of total liquids, Genscape said, adding that its oil production monitoring showed that oil fields in Libya appeared to operate relatively consistently in January, without steep, significant dips below the average production levels due to weather or pipeline attacks. While this is still well below the 1.6 million bpd the North African […]