Libyan oil production dropped to 523,000 bpd - Sanallah - ECOFIN AGENCY

Thursday, 24 November 2016 - 10:08

Anita Fatunji

The Chairperson of the Libyan National Oil Corporation (NOC), Mustafa Sanallah (photo), has revealed that Libya’s oil production fell almost by 70 thousand barrels per day (bpd) due to electric and power issues.

Sanallah had recently announced that an explosion, believed to be caused by an electric issue, occurred at the control room of the Laheeb oil field on Tuesday. According to Sanallah, the 60,000 bpd rate that the NOC was able to sustain over the last period has stopped for the time being due to electric failures at the Al-Waha and Al-Diffa oil fields.

Funding lapses blamed for Libyan output woes - OIL & GAS JOURNAL

HOUSTON, Aug. 31
08/31/2016
By OGJ editors

Libya’s reconstituted government is receiving blame for failure of oil production to recover from a slump caused by civil war and for the related loss of income.

The Petroleum Facilities Guard said it will close Gulf and Al Wafa oil fields in southern Libya because it hasn’t been paid for security services, Reuters reported.

The group earlier reached an agreement with the Presidency Council to open the Ras Lanuf, Es Sidra, and Zuetina terminals, but Reuters said the facilities remain closed (OGJ Online, Aug. 1, 2016).

The security force had claimed to be blockading the terminals to resist corruption and illicit oil sales. As part of the agreement to reopen the ports, it was to receive funds said to be overdue salary payments.