Libya’s National Oil Corporation (NOC) has recently declared that the country’s oil output cannot cover its own need, since 2011, reported The Africa Report.
The status quo in Libya has affected two major oil-exporting ports in the east of the country. Moreover, the state-run NOC has noted that fighting in the country has spread close to the port of Mellitah, which is operated by a joint venture between the NOC and Italy's ENI.
OPEC member Libya had produced about 1.65 million barrels of crude oil per day (bpd) before 2011, consuming about 330,000 bpd domestically, according to data issued by the US Energy Information Administration.
Meanwhile, Libya’s eastern ports Es Sider and Ras Lanuf stopped working more than a week ago, slashing Libya's oil output by at least 300,000 bpd, and prompting the NOC to declare force majeure.
Photo Credit: Arabianeye-Reuters
The status quo in Libya has affected two major oil-exporting ports in the east of the country. Moreover, the state-run NOC has noted that fighting in the country has spread close to the port of Mellitah, which is operated by a joint venture between the NOC and Italy's ENI.
OPEC member Libya had produced about 1.65 million barrels of crude oil per day (bpd) before 2011, consuming about 330,000 bpd domestically, according to data issued by the US Energy Information Administration.
Meanwhile, Libya’s eastern ports Es Sider and Ras Lanuf stopped working more than a week ago, slashing Libya's oil output by at least 300,000 bpd, and prompting the NOC to declare force majeure.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
