LIBYA
Protests Drive Libyan Output Below 1Mn B/D
A months-long wave of protests has finally begun to hit Libya’s oil industry in a major way, with state-owned NOC conceding on 11 June that output had fallen to below the critical 1mn b/d mark.
“Production of crude has falen below 1mn b/d, resulting in an estimated fall in revenue of hundreds of millions of dollars, in addition to a fall in natural gas levels to the lowest levels,” NOC said....
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!