Libya’s oil production plunges 63 percent due to oilfield closures, NOC says
CAIRO: Libya’s National Oil Corporation said on Friday that recent oilfield closures have caused the loss of approximately 63 percent of the country’s total oil production, as a conflict between rival eastern and western factions continues. The North African country’s oil blockade has widened, with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil revenue is the biggest prize for all factions.
CAIRO: Libya’s National Oil Corporation said on Friday that recent oilfield closures have caused the loss of approximately 63 percent of the country’s total oil production, as a conflict between rival eastern and western factions continues.
The North African country’s oil blockade has widened, with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil revenue is the biggest prize for all factions.
What's Your Reaction?
