FINANCIAL NEWS

Oil production in Libya is to hit five-month low

03 Oct 2017

(MENAFN) The production of oil in Libya have fallen to a 5 month low, as the biggest supplier’s field of North Africa stopped pumping crude, few weeks after re-opening from an unexpected obstruction.

Libya, holding the largest crude reserves in Africa, is now producing at its lowest point since April, compared to 1.05m pound/day in August before the halt.

Libya pumped 1.6m pound/day, before a rebellion in 2011 that led to the fall of central authority, followed by years of clashes between opponent government and militias, competing to control the country’s energy wealth.

MENAFN0310201700450000ID1095916283

MENAFN0310201700450000ID1095916283

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.