Libya Production Drops to 204,000 BBL/D

Libya Production Drops to 204,000 BBL/D

Libya’s oil production continues to fall amid tensions in the area, according to Reuters.

A source in Libya’s National Oil Corporation (NOC) said that oil production has dropped to 204,000 barrels per day (bbl/d) since February 3. This comes as a result of the blockade which began on January 18 of this year when groups loyal to eastern-based commander Khalifa Haftar closed ports and fields in the east and south of Libya.

It is worth noting that Libya’s oil production reached approximately 1.2 million barrels per day of crude oil (mmbbl/d) until January 17. The NOC says that if the blockade of Libya’s oilfields continues, production will fall to 72,000 bbl/d.

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