Libya’s National Oil Company (NOC) announced a decline in oil production to the level of up to 370,000b/d, down from 400,000b/d recorded at the beginning of 2016, Zawya reported. The country refines about 100,000b/d of the volumes targeted for domestic consumption, with the rest being exported.
The drop comes as a result of a series of attacks by Islamic State that had damaged oil production and storage facilities at major ports, according to NOC’s Chairman, Mustafa Sanalla. The most recent attack took place at Ras Lanuf oil storage tanks in mid February, North Africa Post informed.
Libya’s oil facilities are likely to suffer further attacks unless a United Nations-backed unity government is approved. “If there is no new government I think the situation will get worse. I believe there will be more attacks on the oil facilities,” Sanalla said.