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FINANCIAL NEWS
Oil exports in Libya down to 10 percent of capacity
30 Aug 2013
(MENAFN) Oil exports in Libya decreased to just 10 percent of the possible capacity as armed groups hold the oil industry in the country on a pause, The Peninsula reported.
The country now exports 145,000 barrels per day (bpd) from three operational terminals out of nine. The country”s original oil export capacity is near 1.25 million bpd.
The worst outage in the country since 2011 started when Libya”s two major export terminals, Es Sider and Ras Lanuf, were shutdown.
Exports from Zawiya terminal reaching 230,000 bpd were also stopped. Pipelines pumping oil to the Zawiya and Mellitah terminals were blocked by armed militants.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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